Reference no: EM132617001
Question - The following information applies to Johnson Company for 2018;
Stock Market price, December 31, 2018: $110
Common shares outstanding, December 31, 2018: 350,000
Net income for the year 2018: $1,300,000
Retained Earnings, January 1, 2018: $4,090,000
On December 31, 2018, Johnson decides to pay the maximum amount it can in dividends to its shareholder. What is the dividend Yield Ratio?