Ovit, Inc. has preferred stock with a price of $19.61 and a dividend of $1.53 per year. What is its dividend yield?....The dividend yield is%. (Round to one decimal place.)

Given, Annual dividend = $1.53 Current stock price = $19.61 Dividend yield = Annual dividend /…

Answered: Ovit, Inc. has preferred stock with a…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter8: Basic Stock Valuation

Section: Chapter Questions

Problem 2P

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The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company’s stock currently trades at $60 per share. Compute the stock’s earnings per share (EPS). What is the stock’s P/E ratio? Determine what the stock’s dividend yield would be if it paid $1.75 per share to common stockholders.
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Ovit, Inc. has preferred stock with a price of $19.61 and a dividend of $1.53 per year. What is its dividend yield? The dividend yield is %. (Round to one decimal place.)