Franklin Co. reported the following year-end data: net income of $220,000; annual cash dividends per share of
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Franklin Co. reported the following year-end data: net income of $220,000; annual cash dividends per share of $3;market price per (common) share of $150; and earnings per share of $10. Compute the
(a) Price-earnings ratio
(b) Dividend yield.
DividendA 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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