Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Selected financial information (in millions, except per-share information) is available for CIBC at October 31: Dividends declared and paid to common shareholders Dividends declared per

image text in transcribed
Selected financial information (in millions, except per-share information) is available for CIBC at October 31: Dividends declared and paid to common shareholders Dividends declared per common share Dividends declared and paid to preferred shareholders Net income Common shareholders' equity Market price per common share Weighted average number of common shares 2018 $2,356 $5.32 $89 $5,267 $32,866 $113.68 443 2017 $2.121 $5.08 $52 $4,699 $29,440 $113.56 413 2015 $1,879 $4.75 $38 $4,275 $22,673 $100.50 395 (a) Calculate the (1) payout (2) dividend yield. (3) basic earnings per share, and (4) return on common shareholders equity ratios for the common shareholders for 2018 and 2017. (Round basic earnings per share to 2 decimal places, eg, 5.24. Round payout ratio, dividenc yield and return on common shareholders' equity to 1 decimal place, e.g. 5.2%.) 2018 2017 Payout ratio 96 (2) 468 247 95 Dividend yield (3) Basic earnings per share $ 5 Return on common shareholders equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey Of Accounting

Authors: James D. Stice, W. Steve Albrecht, Earl Kay Stice, K. Fred Skousen

1st Edition

0538846178, 978-0538846172

More Books

Students also viewed these Accounting questions

Question

Describe the three parts of developing a new habit.

Answered: 1 week ago