The shares of Dyer Drilling Co. sell for $60. The firm has a P/E ratio of 25,

Question:

The shares of Dyer Drilling Co. sell for $60. The firm has a P/E ratio of 25, and 25 percent of earnings are paid out in dividends. What is the dividend yield?

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...

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