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​Partridge, Inc. provides the following information for​ 2017:Net income​$33,000Market price per share of common stock​$13/shareDividends paid​$0.90/shareCommon stock outstanding at Jan.​ 1, 2017​110,000 sharesCommon stock outstanding at Dec.​ 31, 2017​155,000 sharesThe company has no preferred stock outstanding. Calculate the dividend yield for common stock.​ (Round your answer to two decimal​ places.)

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mltn1980

Answer:

The dividend yield for common stock: 1,64%

Explanation:

The information available is:

Net Income : $33,000

Price/Share : 13

Last Year dividend: $0,90 / Share for 110,000 outstanding shares

Dec. 31 2017 : 155,000  shares outstanding

No Preferred stock outstanding.

Assuming that all the income is pay out in dividends we have for 2017 a dividend of 0,21 usd/share, $33,000/155.000.

As the price/share it's $13, then we have a dividend yield of 1,64%.  

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