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13 October, 10:45

Beach boards reports dividends per share of $1.40 and net income for the year of $150,000. dividend yield is 3.5%. what is beach boards' current stock price?

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  1. 13 October, 13:12
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    Beach boards net income for the year, I = $150,000

    Dividends per share, D = $1.40

    Dividend yield, DY = 3.5%

    Beach boards’ current stock price is P

    We have the formula

    Dividend yield = Dividends per share / Current stock price = > DY = D / P

    Beach boards current stock price is P = D / DY = > 1.4 / 3.5 % = > P = 1.4 x

    100 / 3.5

    Beach boards current stock price is P = 140 / 3.5 = $40
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