Consider the Following Information from the Financial Statements of Prosser-Phelps

question 99

Essay

Consider the following information from the financial statements of Prosser-Phelps, Inc.:
$\begin{array}{lll}&2012&2011\\\text { Total stockholders equity } & \$ 59,050 & \$ 55,900 \\\text { Net income } & 22,000 \\\text { Market price per share } & 120 \\\text { Dividends } & 611 \\\text { Purchasess of treasury stock } & 9,000 \\\text { Average shares outstanding } & 550 \\\text { Dividends per share } & 1.11\end{array}$ Calculate Prosser-Phelps' dividend yield and dividend payout.

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