Question
Los Altos, Inc., disclosed the following information in a recent annual report: Year 1 Year 2 Net income $96,250 $154,000 Preferred stock dividends 8,250 8,400
Los Altos, Inc., disclosed the following information in a recent annual report:
| Year 1 | Year 2 | |
|---|---|---|
| Net income | $96,250 | $154,000 |
| Preferred stock dividends | 8,250 | 8,400 |
| Average common stockholders equity | 3,360,000 | 4,125,000 |
| Dividend per common share | 3.36 | 3.30 |
| Earnings per share | 5.23 | 5.74 |
| Market price per common share, year-end | 53.60 | 58.80 |
Calculate the common stock dividend yield for Los Altos, Inc. for both years. Round to one decimal.
| Year 1 | Year 2 | |
|---|---|---|
| Common stock dividend yield |
Did the dividend yield improve from Year 1 to Year 2? AnswerNoYes
Please answer all parts of the question.
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Auditing Your Information Systems And IT Infrastructure Practical Audit Programs Checklists For Internal Auditors
Authors: Nwabueze Ohia
1st Edition
1973136260, 978-1973136262
