Partridge Company provides the following information for the year 2014: $$\begin{array} { l l }
\text { Earnings per share } & \$ 0.24 / \text { share } \
\text { Market price of common stock: } & \$ 12.00 / \text { share } \
\text { Dividends paid: } & \$ 0.80 / \text { share } \
\text { (No preferred stock issued) } &
\end{array}$$
How much was the dividend payout for one share of common stock?
A) 1.67
B) 3.33
C) 0.30
D) 3.95

Question

Partridge Company provides the following information for the year 2014: $$\begin{array} { l l } 
\text { Earnings per share } & \$ 0.24 / \text { share } \
\text { Market price of common stock: } & \$ 12.00 / \text { share } \
\text { Dividends paid: } & \$ 0.80 / \text { share } \
\text { (No preferred stock issued) } &
\end{array}$$
How much was the dividend payout for one share of common stock?
A) 1.67
B) 3.33
C) 0.30
D) 3.95

Quizplus · Accepted Answer

The Answer of Partridge Company provides the following information for the year 2014: $$\begin{array} { l l } 
\text { Earnings per share } & \$ 0.24 / \text { share } \
\text { Market price of common stock: } & \$ 12.00 / \text { share } \
\text { Dividends paid: } & \$ 0.80 / \text { share } \
\text { (No preferred stock issued) } &
\end{array}$$
How much was the dividend payout for one share of common stock?
A) 1.67
B) 3.33
C) 0.30
D) 3.95

Partridge Company Provides the Following Information for the Year 2014