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Financial & Managerial Accounting

13th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285866307

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BuyFindarrow_forward

Financial & Managerial Accounting

13th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285866307
Chapter 13, Problem 6BPE
Textbook Problem
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Dividend yield

On October 23, 2016, Wilkerson Company had a market price of $40 per share of common stock. For the previous year, Wilkerson paid an annual dividend of $1.20. Compute tile dividend yield for Wilkerson Company.

To determine

Dividend yield:

This is the ratio which measures the amount of dividends paid relative to the market price.

Formula for dividend yield:

Dividend yield = Dividend price per share of common stockMarket price per share of common stock

To determine: The dividend yield for Company W

Explanation of Solution

Determine the dividend yield for Company W, if annual dividend of common stock was $1.20 per share and market price per share of common stock was $40.

Dividend yield = Dividend price per share of common stock

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Chapter 13 Solutions

Financial & Managerial Accounting
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