In 20X4, P Co declared dividends totaling $.52 per common share when earnings per share were $1.31 and its market price was 40 7/16. In 20X3, its dividends totaled $.46 per share, its earnings per share were $1.36 and its market price was 34 11/16. What was the computed dividend yield ratio for 20X4 and 20X3 respectively? (Rounded to nearest 1 decimal)
A) 1.8% and 1.9%
B) 1.3% and 1.3%
C) 1.7% and 1.3%
D) 2.1% and 2.3%
Correct Answer:
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