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Partridge Inc. provides the following information for the year 2014: Net income $ 40 comma 000$40,000 Market price per share of common stock $ 17.00$17.00/share
Partridge Inc. provides the following information for the year 2014:
Net income | $ 40 comma 000$40,000 | |
Market price per share of common stock | $ 17.00$17.00/share | |
Dividends paid | $ 0.85$0.85/share | |
Common stock outstanding at Jan. 1, 2015 | 130 comma 000130,000 shares | |
Common stock outstanding at Dec. 31, 2016 | 170 comma 000170,000 shares |
The company has no preferred stock outstanding. Calculate the dividend yield for common stock.
A.
3.413.41%
B.
5.005.00%
C.
5.265.26%
D.
1.591.59%
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