Leflore Corporation has provided the following data: Dividends on common stock during Year 2 totaled $6,000. The market price of common stock at the end of Year 2 was $1.38 per share. The company's dividend yield ratio for Year 2 is closest to:
A)4.3%
B)1.2%
C)35.0%
D)50.0%

Question

Leflore Corporation has provided the following data:  Dividends on common stock during Year 2 totaled $6,000. The market price of common stock at the end of Year 2 was $1.38 per share. The company's dividend yield ratio for Year 2 is closest to:
A)4.3% 
B)1.2% 
C)35.0% 
D)50.0%

Quizplus · Accepted Answer

The Answer of Leflore Corporation has provided the following data:  Dividends on common stock during Year 2 totaled $6,000. The market price of common stock at the end of Year 2 was $1.38 per share. The company's dividend yield ratio for Year 2 is closest to:
A)4.3% 
B)1.2% 
C)35.0% 
D)50.0%

Leflore Corporation Has Provided the Following Data: Dividends on Common