Matt Company Paid Out $2

question 59

Multiple Choice

Matt Company paid out $2.30 in dividends per share during 20X2. The market price of the share on December 31, 20X2 was $21.00 per share. There were 15,000 shares of share outstanding for the entire year. What was the dividend yield as of December 31, 20X2?

• A) 9.13%
• B) 10.95%
• C) 16.43%
• D) 913.04%

---

Definitions:

SEC

The Securities and Exchange Commission, a U.S. government oversight agency responsible for regulating the securities markets and protecting investors.

IRS Form

Official documents published by the Internal Revenue Service for taxpayers to report financial information.

Compliance

Adherence to laws, regulations, guidelines, and specifications relevant to a business or operation.

Registered Public Company

A business entity that has completed the required processes to offer its shares to the general public through a stock exchange.