Financial statements for Harwich Company for the most recent year appear below: The balances in the Cash, Accounts Receivable, Inventory, Bonds Payable, Common Stock, and Additional Paid-In Capital accounts are unchanged from the beginning of the year. A $0.75 per share dividend was declared and paid during the year. On December 31, Harwich Company's common stock was trading at $24.00 per share.
-Harwich Company's dividend yield ratio for the year was closest to:
A)3.125%
B)12.500%
C)9.125%
D)25.000%

Question

Financial statements for Harwich Company for the most recent year appear below:   The balances in the Cash, Accounts Receivable, Inventory, Bonds Payable, Common Stock, and Additional Paid-In Capital accounts are unchanged from the beginning of the year. A $0.75 per share dividend was declared and paid during the year. On December 31, Harwich Company's common stock was trading at $24.00 per share.
-Harwich Company's dividend yield ratio for the year was closest to:
A)3.125% 
B)12.500% 
C)9.125% 
D)25.000%

Quizplus · Accepted Answer

Dividend yield ratio = Dividends per share F1F1F1S1F1F1F10 Market price per share
= $0.75 per share F1F1F1S1F1F1F10 $24.00 per share = 3.125%

Financial Statements for Harwich Company for the Most Recent Year