The market price for Macro Corporation closed at $46.58 and $80.00 on December 31, current year, and previous year, respectively. The dividends per share were $0.68 for current year and $0.80 for previous year. Determine the dividend yield for Macro on December 31, current year, and previous year. Round percentages to two decimal places. Current year % Previous year % b. The dividend yield increased from the previous year to the current year. This is a result of a(n) increase in the dividend relative to stock price.
The market price for Macro Corporation closed at $46.58 and $80.00 on December 31, current year, and previous year, respectively. The dividends per share were $0.68 for current year and $0.80 for previous year. Determine the dividend yield for Macro on December 31, current year, and previous year. Round percentages to two decimal places. Current year % Previous year % b. The dividend yield increased from the previous year to the current year. This is a result of a(n) increase in the dividend relative to stock price.
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter15: Distributions To Shareholders: Dividends And Repurchases
Section: Chapter Questions
Problem 8P: Stock Split Fauver Enterprises declared a 3-for-1 stock split last year, and this year its dividend...
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Dividend Yield
The market price for Macro Corporation closed at $46.58 and $80.00 on December 31, current year, and previous year, respectively. The dividends per share were $0.68 for current year and $0.80 for previous year.
Determine the dividend yield for Macro on December 31, current year, and previous year. Round percentages to two decimal places.
Current year | % |
Previous year | % |
b. The dividend yield increased from the previous year to the current year. This is a result of a(n) increase in the dividend relative to stock price.
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