Question: Rebert Inc. showed the following balances for last year:
Rebert's net income for last year was $3,182,000.
Dividend Yield Ratio, Dividend Payout Ratio Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were $2,600,000 and that the market price per share of common stock is $51.50.
Required: 1. Compute the dividends per share.
2. Compute the dividend yield.
3. Compute the dividend payout ratio.