Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Return on Common Stockholders' Equity, Dividend Yield, and Dividend Payout The following information relates to Ontario Components, Inc.: Previous Year Current Year Net income
Return on Common Stockholders' Equity, Dividend Yield, and Dividend Payout The following information relates to Ontario Components, Inc.: Previous Year Current Year Net income $65,000 $100,000 Preferred stock dividends 5,000 5,000 Average common stockholders' equity 2,000,000 2,100,000 Dividend per common share 1.50 1.50 Earnings per share 2.90 3.00 Market price per common share, year-end 27.50 30.00 a. Calculate the company's return on common stockholders' equity for each year. b. Calculate the company's dividend yield for each year. c. Calculate the company's dividend payout for each year. Round answers to one decimal point. a. Return on Common Stockholder Equity b. Dividend Yield c. Dividend Payout Check Previous Year Current Year 0% * 1% X 0% X 0% x 52 % X 0% X
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started