A Firm Paid a Dividend of $1

question 56

Multiple Choice

A firm paid a dividend of $1.52 a share this year and had earnings per share of $5.42. Its market price per share is $69.10. What is its dividend yield?

• A)3.6%
• B)28.0%
• C)2.2%
• D)7.8%

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Definitions:

Utilization

The degree to which a capacity, resource, or system is being used effectively to produce goods or services.

Break-even Point

The point at which total cost and total revenue are equal, meaning the business is neither making a profit nor a loss.

Sugar Mills

Facilities dedicated to processing sugarcane or sugar beets into raw sugar and sometimes molasses and other byproducts.