Question

The following information pertains to Milo Mindbender Corporation:
Net income ............ $123,000
Dividends per common share...... $2.00
Common shares .......... 12,000
Purchases of treasury stock ....... $85,000
Common share price ........ $20

Required:
Calculate the dividend yield, dividend payout, and total payout. (Note: Round answers to two decimal places.)


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  • CreatedSeptember 22, 2015
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