A company paid a cash dividend of $0.44 per share during the current year,and reported 18,000 shares of common stock issued,and 2,000 common shares in treasury stock during the current year.The year-end market price per share was $27.50.Calculate the following:
(1)total amount of cash dividends paid to common shareholders,and (2)dividend yield.

Question

A company paid a cash dividend of $0.44 per share during the current year,and reported 18,000 shares of common stock issued,and 2,000 common shares in treasury stock during the current year.The year-end market price per share was $27.50.Calculate the following:
 (1)total amount of cash dividends paid to common shareholders,and (2)dividend yield.

Quizplus · Accepted Answer

The Answer of A company paid a cash dividend of $0.44 per share during the current year,and reported 18,000 shares of common stock issued,and 2,000 common shares in treasury stock during the current year.The year-end market price per share was $27.50.Calculate the following:
 (1)total amount of cash dividends paid to common shareholders,and (2)dividend yield.

A Company Paid a Cash Dividend of $0