Refer to the Haidary Inc. account balances for last year as shown in Exercise 16-39. Also, assume

Question:

Refer to the Haidary Inc. account balances for last year as shown in Exercise 16-39. Also, assume that the dividends paid to common stockholders for last year were $2,600,000 and that the market price per share of common stock is $51.50.

Required:

1. Compute the dividends per share.

2. Compute the dividend yield. (Round to two decimal places.)

3. Compute the dividend payout ratio. (Round to two decimal places.)

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
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...