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The MedTech Company recently reported net profits after taxes of $16.2 million. It has 2.6 million shares of common stock outstanding and pays preferred dividends
The MedTech Company recently reported net profits after taxes of $16.2 million. It has 2.6 million shares of common stock outstanding and pays preferred dividends of $1.3 million per year. a. Compute the firm's earnings per share (EPS). b. Assuming that the stock currently trades at $53.49 per share, determine what the firm's dividend yield would be if it paid $3.46 per share to common stockholders. c. What would the firm's dividend payout ratio be if it paid $3.46 per share in dividends? a. The firm's EPS is $7. (Round to the nearest cent.) b. If the firm paid $3.46 per share to common stockholders, its dividend yield would be %. (Round to two decimal places.) c. If the firm it paid $3.46 per share in dividends, its dividend payout ratio would be %. (Round to two decimal places.) Enter your answer in each of the answer boxes
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