The following information pertains to Milo Minderbender Corporation: Net income ............$46,000 Dividends per common share ..... $1.50

Question:

The following information pertains to Milo Minderbender Corporation:

Net income ............$46,000

Dividends per common share ..... $1.50

Common shares ........... 1,000

Purchases of treasury stock ...... $3,700

Common share price .......... $37

Required:

Calculate the dividend yield, dividend payout, and total payout.

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...