A company paid a cash dividend of $0.88 per share during the current year and reported 18,000 shares of common stock issued, and 2,000 common shares in treasury stock during the current year. The year-end market price per share was $27.50. Calculate the following: 

(1) Total amount of cash dividends paid to common shareholders, and 

(2) Dividend yield.

Answer rating: 100% (QA)

cash dividend outstanding shares x dividend p... View the full answer