A company has 500,000 ordinary shares authorized, 400,000 ordinary shares issued, and 15,000 ordinary shares in treasury at the current year-end. It paid $0.24 per share in cash dividends during the year. The year-end market price of the share is $15. Calculate (1) the total dividends paid and (2) the dividend yield.

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The Answer of A company has 500,000 ordinary shares authorized, 400,000 ordinary shares issued, and 15,000 ordinary shares in treasury at the current year-end. It paid $0.24 per share in cash dividends during the year. The year-end market price of the share is $15. Calculate (1) the total dividends paid and (2) the dividend yield.

A Company Has 500,000 Ordinary Shares Authorized, 400,000 Ordinary Shares