Dividend Yield Ratio, Dividend Payout Ratio Rebert Inc. showed the following balances for last year: January 1 December 31 Stockholders' equity: Preferred stock, $100 par, 8% $ 4,000,000 $ 4,000,000 Common stock, $3 par 3,000,000 3,000,000 Additional paid-in capital* 4,800,000 4,800,000 Retained earnings 4,000,000 4,250,000 Total stockholders' equity $15,800,000 $16,050,000 * For common stock only. Rebert's net income for last year was $4,082,000. Also, assume that the dividends paid to common stockholders for last year were $2,900,000 and that the market price per share of common stock is $54.50. Required:

1. Compute the dividends per share. Round to two decimal places. per share

2. Compute the dividend yield. Round to the nearest whole percent. %

3. Compute the dividend payout ratio. Round to two decimal places.

Feedback 1. Dividends per Share = Common Dividends/Number of Common Shares 2. Dividend Yield = Dividend per Common Share/Market Price per Common Share 3. Dividend Payout Ratio = Common Dividends/(Net Income Preferred Dividends)