Yarmouth Corp. just reported net income of $2,450,000 on sales of $21,400,000 and has 700,000 shares of stock outstanding. The stock is currently trading at $40.00 per share. Last year, the company had a 40% dividend payout ratio. Management has determined that if it keeps its payout ratio the same this year as last, its per-share dividend for the current year will be $1.40 per share. What will its dividend yield be?

2.05%

3.00%

3.22%

3.38%

3.50%

Wilkes Corp. wants to determine its annual dividend. The company just reported net income of $4,278,500 on sales of $34,228,000 and has 945,000 shares of stock outstanding. The stock is currently trading at $37,75 per share. Last year, the company had a 20% dividend payout ratio. If management wants to maintain this payout ratio in the current year, what will its dividend per share be?

$0.91

$1.25

$1.51

$2.05

$2.60