Question

Well-Bred Service Company earned $50,000,000 during 2012 and paid $20,000,000 in dividends to the holders of its 40 million shares. If the current market price of Well-Bred’s stock is $31.25, calculate the following:
(a) The company’s dividend payout ratio;
(b) The stated dividend per share, assuming Well-Bred pays dividends annually;
(c) The stated dividend per share, assuming Well-Bred pays dividends in four equal quarterly payments;
(d) The current dividend yield on Well-Bred stock.


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  • CreatedMarch 26, 2015
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