Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

تمرين 61

Computing the Dividend Yield and the Dividend Payout Ratio
The income statement, statement of retained earnings, and balance sheet for Somerville Company are as follows:


Refer to the information for Somerville Company on the previous page. Also, assume that the market price per common share is $8.10.
Required:
Note : Round answers to four decimal places.
1. Compute the dividends per share.
2. Compute the dividend yield.
3. Compute the dividend payout ratio.