Refer to Simon Company's financial information in Exercises 13-6 and 13-8. Additional information about the company follows.
Question:
(1) Return on common stockholders' equity-percent rounded to one decimal,
(2) Price-earnings ratio on December 31-rounded to one decimal, and
(3) Dividend yield-percent rounded to one decimal.
Common stock market price, December 31, 2015 . . . . . . . . . $30.00
Common stock market price, December 31, 2014 . . . . . . . . . . 28.00
Annual cash dividends per share in 2015 . . . . . . . . . . . . . . . . . . 0.29
Annual cash dividends per share in 2014 . . . . . . . . . . . . . . . . . . 0.24
In Exercises 13-6
In Exercises 13-8
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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