Question
Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements...
Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $50 par value (no change during the year) Preferred $8 stock, $100 par (no change during the year) $11,500,000 3,000,000 The net income was $976,000 and the declared dividends on the common stock were $57,500 for the current year. The market price of the common stock is $27.20 per share. For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend yield. If required, round your answers to two decimal places. a. Earnings per Share b. Price-Earnings Ratio C. Dividends per Share d. Dividend Yield
Answers
a) Earning per share = (net income-Preferred dividend)/Share outstanding = (976000-240000)/230000 = 3.20 per share
b) Price earning ratio = MPS/EPS = 27.20/3.20 = 8.5 times
c) Dividend per share = 57500/230000 = 0.25 per share
d) Dividend yield = DPS/EPS = 0.25/3.2 = 7.81%
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