Question
James Company reported a net income of $700,000 for the year. During the year, the company declared a dividend of $3.80 per share to
James Company reported a net income of $700,000 for the year. During the year, the company declared a dividend of $3.80 per share to the 50,000 common shares outstanding. The dividends were paid by the end of the year. What was the company's dividend payout ratio? Dennis Company reported a net income of $550,000 for the year. During the year, the company had an average of 200,000 common shares outstanding. All the dividends declared were paid by the end of the year, including $3.60 per share on its common stock. At the end of the year, the company's common stock is selling at $62 per share. What was the company's dividend yield ratio?
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Financial Accounting
Authors: Belverd E. Needles, Marian Powers
11th edition
1133769314, 053847601X, 9781133715023, 978-1133769316, 1133715028, 978-0538476010
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