I'm having trouble calculating the Dividend Payout and Totaly Payout. Also, I calculated 5.018 for...

80.2K

Verified Solution

Question

Accounting

I'm having trouble calculating the Dividend Payout and Totaly Payout. Also, I calculated 5.018 for the Dividend Payout and it still said that was wrong. Any clarification would be appreciated!
image
850,000 $0.90/share $15,485,000 $5,299,000 Consider the following information. Stock price $55/share Avg. common shares outstanding Common dividends $765,000 Dividends per common share Preferred dividends $238,800 Net income 2019 preferred stock $6,162,000 2018 preferred stock 2019 total stockholders' equity $28,435,000 2018 total stockholders' equity Purchases of treasury stock $120,000 Required: 1. Calculate the stockholder payout ratios. (Note: Round answers to three decimal places.) Dividend Yield 1.636 % $25,483,000 Dividend Payout 5.017 X % Total Payout 6.482 X % Stock Repurchase Payout 0.775 % 2. Calculate the stockholder profitability ratios. (Note: Round answers as follows: Return on Common Equity to three decimal places; Earnings per Share to two decimal places.) 2019 Return on Common Equity 71.81996

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students