A bottled gas company has 200,000 common shares authorized, 400,000 common shares issued and 15,000 common shares in treasury stock at the current year-end. It paid $0.96 per share in cash dividends during the year. The year-end market price of the stock is $15. Calculate (1) the total dividends paid and (2) the dividend yield.

Answer rating: 100% (QA)

Total Dividends Paid Total Shares issued ... View the full answer