Consider the following information from the financial statements of Prosser-Phelps, Inc.:
$\begin{array}{lll}&2012&2011\
\text { Total stockholders equity } & \$ 59,050 & \$ 55,900 \
\text { Net income } & 22,000 \
\text { Market price per share } & 120 \
\text { Dividends } & 611 \
\text { Purchasess of treasury stock } & 9,000 \
\text { Average shares outstanding } & 550 \
\text { Dividends per share } & 1.11
\end{array}$ Calculate Prosser-Phelps' dividend yield and dividend payout.

Question

Consider the following information from the financial statements of Prosser-Phelps, Inc.:
 $\begin{array}{lll}&2012&2011\
\text { Total stockholders equity } & \$ 59,050 & \$ 55,900 \
\text { Net income } & 22,000 \
\text { Market price per share } & 120 \
\text { Dividends } & 611 \
\text { Purchasess of treasury stock } & 9,000 \
\text { Average shares outstanding } & 550 \
\text { Dividends per share } & 1.11
\end{array}$ Calculate Prosser-Phelps' dividend yield and dividend payout.

Quizplus · Accepted Answer

The Answer of Consider the following information from the financial statements of Prosser-Phelps, Inc.:
 $\begin{array}{lll}&2012&2011\
\text { Total stockholders equity } & \$ 59,050 & \$ 55,900 \
\text { Net income } & 22,000 \
\text { Market price per share } & 120 \
\text { Dividends } & 611 \
\text { Purchasess of treasury stock } & 9,000 \
\text { Average shares outstanding } & 550 \
\text { Dividends per share } & 1.11
\end{array}$ Calculate Prosser-Phelps' dividend yield and dividend payout.

Consider the Following Information from the Financial Statements of Prosser-Phelps