A firm earns $3550 million in profits and pays $2480 million in dividends for the year. The firm has 175 million shares of preferred stock and 525 million shares of common stock. The preferred stock is guaranteed a dividend of $4.50 per year and costs $52 per share. The common stock costs $39 per share. What is the dividend yield for the common stock? Enter your response as a percent and do not include the percent sign. Round to 1 decimal place.
A firm earns $3550 million in profits and pays $2480 million in dividends for the year. The firm has 175 million shares of preferred stock and 525 million shares of common stock. The preferred stock is guaranteed a dividend of $4.50 per year and costs $52 per share. The common stock costs $39 per share. What is the dividend yield for the common stock? Enter your response as a percent and do not include the percent sign. Round to 1 decimal place.
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter12: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 4FPE: The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million...
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A firm earns $3550 million in profits and pays $2480 million in dividends for the year.
The firm has 175 million shares of
What is the dividend yield for the common stock?
Enter your response as a percent and do not include the percent sign. Round to 1 decimal place.
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