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Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094

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BuyFindarrow_forward

Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094
Textbook Problem

Dividend yield

On June 30, Setzer Corporation had a market price of $100 per share of common stock. For the previous year, Setzer paid an annual dividend of $4.00. Compute the dividend yield for Setzer Corporation.

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 Corporation S

Explanation

Determine the dividend yield for Corporation S, if annual dividend of common stock was $4 per share and market price per share of common stock was $100.

Dividend yield = Dividend price per share of common stock

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