What is the dividend yield ratio

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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?

Reference no: EM132617001

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