Los Altos, Inc., disclosed the following information in a recent annual report: Year 1 Year 2 Net income $84,000 $140,250 Preferred stock dividends 7,200 7,650 Average common stockholders' equity 3,060.000 3,600,000 Dividend per common share 3.06 2.88 Earnings per share 4.56 5.23 Market price per common share, year-end 46.80 53.60 Calculate the common stock dividend yield for Los Altos, Inc. for both years. Round to one decimal. Year 1 Year 2 Common stock dividend yield 0 % Did the dividend yield improve from Year 1 to Year 2?
Los Altos, Inc., disclosed the following information in a recent annual report: Year 1 Year 2 Net income $84,000 $140,250 Preferred stock dividends 7,200 7,650 Average common stockholders' equity 3,060.000 3,600,000 Dividend per common share 3.06 2.88 Earnings per share 4.56 5.23 Market price per common share, year-end 46.80 53.60 Calculate the common stock dividend yield for Los Altos, Inc. for both years. Round to one decimal. Year 1 Year 2 Common stock dividend yield 0 % Did the dividend yield improve from Year 1 to Year 2?
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Transcribed Image Text:Dividend Yield
Los Altos, Inc., disclosed the following information in a recent annual report:
Year 1
Year 2
Net income
$84,000 $140.250
Preferred stock dividends
7,200
7,650
Average common stockholders' equity
3,060,000 3,600,000
Dividend per common share
3.06
2.88
Earnings per share
4.56
5.23
Market price per common share, year-end
46.80
53.60
Calculate the common stock dividend yield for Los Altos, Inc. for both years.
Round to one decimal.
Year 1
Year 2
Common stock dividend yield
0 %
0 %
Did the dividend yield improve from Year 1 to Year 2?
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