Corner Cafe is estimating the value of its securities and was able to gather the following information: Current year dividends amounted to Php6.00 per share Net income of the company during the year amounted to Php750,000 Total outstanding shares of the company is at 100,000 shares Net assets of the company as of the end of the year is at Php2,500,000 Corner Cafe's current shares trade at Php80.00 per share what is the dividend yield of corner cafe?
Corner Cafe is estimating the value of its securities and was able to gather the following information: Current year dividends amounted to Php6.00 per share Net income of the company during the year amounted to Php750,000 Total outstanding shares of the company is at 100,000 shares Net assets of the company as of the end of the year is at Php2,500,000 Corner Cafe's current shares trade at Php80.00 per share what is the dividend yield of corner cafe?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...
Related questions
Question
Corner Cafe is estimating the value of its securities and was able to gather the following information:
- Current year dividends amounted to Php6.00 per share
- Net income of the company during the year amounted to Php750,000
- Total outstanding shares of the company is at 100,000 shares
- Net assets of the company as of the end of the year is at Php2,500,000
- Corner Cafe's current shares trade at Php80.00 per share
what is the dividend yield of corner cafe?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning