Beach boards reports dividends per share of $1.40 and net income for the year of $150,000. dividend yield is 3.5%. what is beach

Question

bulgar [2K]

3 years ago

8

Beach boards reports dividends per share of $1.40 and net income for the year of $150,000. dividend yield is 3.5%. what is beach

boards' current stock price?

Business

1 answer:

maria [59] · Answer 1 · 2022-04-01T15:07:37+03:00

Beach boards net income for the year, I = $150,000
Dividends per share, D = $1.40
Dividend yield, DY= 3.5%
Beach boardsâ€™ current stock price is P
We have the formula
Dividend yield = Dividends per share / Current stock price => DY = D / P
Beach boards current stock price is P = D / DY => 1.4 / 3.5 % => P = 1.4 x
100 / 3.5
Beach boards current stock price is P = 140 / 3.5 = $40