Cash Cow International paid a regular quarterly dividend of $.075 a share.
a. Match each of the following dates to the correct term:
i. May 7
ii. June 6
ii. June 7
iv. June 11
v. July 2
A. Record date
B. Payment date
C. Ex-dividend date
D. Last with-dividend date
E. Declaration date
b. On one of these dates the stock price is likely to fall by about the amount of the dividend. Which date?
c. The stock price in early January was $27. What was the prospective dividend yield?
d. The annual earnings per share were forecast at around $ 1.90. What was the percentage payout ratio?