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Rebert Inc. showed the following balances for last year: January 1 December 31 Stockholders' equity: $ 4,000,000 Preferred stock, $100 par, 8% Common stock, $3
Rebert Inc. showed the following balances for last year: January 1 December 31 Stockholders' equity: $ 4,000,000 Preferred stock, $100 par, 8% Common stock, $3 par 3,000,000 $4,000,000 3,000,000 4,800,000 Additional paid-in capital 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 $3,932,000. Also, assume that the dividends paid to common stockholders for last year were $2,800,000 and that the market price per share of common stock is 556.50 Required: 1. Compute the dividends per share. Round to two decimal places Der share 2. Compute the dividend yield. Round to the nearest whole percent 3. Compute the dividend payout ratio. Round to two decimal places
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