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Firehawk Corporation had net income of $560,000 in 20x5 and paid dividends of $440,000 on 200,000 shares of outstanding common stock. Total stockholders equity at
Firehawk Corporation had net income of $560,000 in 20x5 and paid dividends of $440,000 on 200,000 shares of outstanding common stock. Total stockholders equity at the end of 20x5 was $2,060,000 and the market price for each share of Firehawks stock was $58 throughout 20x5. Additionally, the company paid preferred dividends of $2.40 per share during 20x5. Based on this information, what is the dividend yield on Firehawks stock?
A. | 21.36% | |
B. | 78.57% | |
C. | 3.79% | |
D. | 7.93% |
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