Calculating the dividend yield and dividend payout ratio, Financial Accounting

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Calculating the dividend yield and dividend payout ratio

Response to the following problem:

At the market close of January 19, 2005, Bank of America Corp. had a closing stock price of $44.97. In addition, Bank of America had earnings per share of $3.76 and dividend per share was $1.80.

Determine Bank of America's

(a) dividend yield and

(b) dividend payout ratio.

Round percentages to one decimal place.

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Financial Accounting: Calculating the dividend yield and dividend payout ratio

Reference No:- TGS02132014

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Financial Accounting: Calculating the dividend yield and dividend payout ratio

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