Question: Burgos Co. declared dividends amounting to Php1.50 per share this year out of its Php500,000 net income during the year. The following summarizes the shareholders

Burgos Co. declared dividends amounting to Php1.50 per share this year out of its Php500,000 net income during the year. The following summarizes the shareholders equity of Burgos Co.: Total authorized shares - 500,000 shares Issued shares - 100,000 shares Treasury shares - 10,000 shares Total shareholders' equity - Php2,500,000 Assuming that the price of Burgos Co. is currently trading at Php18.00, what is the dividend yield on Burgos Co.'s share?

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