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Calculate the dividend yield for arctic company

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Reference no: EM133172912

Question - Arctic Company showed the following balances for the previous year:

 

January 1

December 1

Stockholders' equity:

Common stock, $5 par

$4,000,000

$4,000,000

In the previous year, Arctic Company paid $1,470,000 dividends to its common stockholders and the market price per share of common stock was $25. Calculate the dividend yield for Arctic Company.

a. 7%

b. 23%

c. 6%

d. 14%

Reference no: EM133172912

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