The recent market price per share and dividend per share are provided for five large financial services
Question:
The recent market price per share and dividend per share are provided for five large financial services and insurance companies traded on the New York Stock Exchange in the following table:
a. Determine the dividend yield for the five companies. Round percentages to two decimal places.
b. Why are the dividend yields different, even though these companies are from the same industry?
c. Should you avoid investing in a company with a low dividendyield?
Dividend yield refers to a stock's annual dividend payments to shareholders, expressed as a percentage of the stock's current price. The dividend per share that a company pays divided by the share price. This is reported on the financial statements...
Transcribed Image Text:
Market Price per Share Company American International Group (AIG) Prudential Financial Inc. Lincoln National Hartford Financial Services Group ING Groep, NV 567.11 53.99 45.76 66.61 28.81 Dividend per Share 0.50 0.63 1.46 1.16 0.99
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a b The dividend yield ranges from a low of 075 for AIG to a high of 344 for ING This suggests very ...View the full answer
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Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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