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Use the information in the table below to answer the questions that follow. Selected Financial Information Tegridy Farms Inc. Year 1 Year 2 Net Income
Use the information in the table below to answer the questions that follow. Selected Financial Information Tegridy Farms Inc. Year 1 Year 2 Net Income 1,324 3,266 Shares Outstanding (millions) 210 Dividend per Share 1.45 Price $89.41 PART 1: What is Tegridy's dividend payout rate in Year 1? 22% 23% 20% o 21% PART 2: What is Tegridy's dividend yield in Year 1 (based on its Year 2 dividend and assuming Tegridy maintains its payout rate)? 3% 4% 2% 5%
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