Refer to the information for Rebert Inc. below. Also, assume that the dividends paid to common stockholders
Question:
Information For Rebert Inc.
Rebert Inc. showed the following balances for last year:
*For common stock only.
Rebert's net income for last year was $3,182,000.
Required:
1. Compute the dividends per share.
2. Compute the dividend yield. (Note: Round to two decimal places.)
3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Related Book For
Cornerstones Of Managerial Accounting
ISBN: 9780538473460
4th Edition
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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