bmm industries pays a dividend of $1.60 per quarter. the dividend yield on its stock is reported at 4.40%. what is the stock price?

Question

04-11-2022
Business

Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

bmm industries pays a dividend of $1.60 per quarter. the dividend yield on its stock is reported at 4.40%. what is the stock price?

Sagot :

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.

On July 3 1 , 2 0 1 8 , the general ledger of Hills Legal Services Inc. showed these balances: Cash $ 4 , 0 0 0 ; Accounts Receivable $ 1 , 5 0 0 ; Supplies $ 5

■ María perdió 8 libras.■ La altura de una montaña es 2 130 metros. -2■ La profundidad del océano es 180 metros.■ Caminé 500 metros hacia la derecha.■ 45 metros

20. Figure shows two tall buildings, A and B, that are 80 m apart. A student stands at P so that his distance from building A is 30 m. After clapp

Define culture. the part of the self ocncept based on group membership listening to cultured music the ability to construct a variety of different frameworks th

Suggest a possible reason for the absence of any bicarbonate reabsorption in the 5-15 mm segment of the proximal tubule under normal conditions (100% Na+-H+ exc

It is problematic for public health when public water supplies are not available and the prices charged for water are exorbitant. Options:a) True b) False

Science Revision for exam 1Look at this picture Help me with this Question!

As a case manager, it is often your role to organise and chair casemanagement meetings. Briefly outline the steps you will take inpreparation for, during and af

From the Knight and Wheeler book - Identify a situation with a patient or family member where the "daughter technique" might be useful? Why would the technique

4r/5r+6=1/6 find solve for r

aamirmajeed5100 aamirmajeed5100 · Answer 1 · 2022-11-09T02:20:32-05:00

The stock price is $68.75 when BBM industries pay a quarterly dividend of $1.60 and the dividend yield on its stock is reported at 4.40%.

What is Dividend?

A dividend is a payment made by a corporation to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and might take the form of cash payments or stock reinvestments.

Calculation;

We know the formula of dividend yield which is given below;

Dividend yield = (Quarterly dividend x 4) / Price

Dividend yield=4.40%.

Quarterly dividend=$1.60

4.40%=$1.60 x 4/ Price

4.40%=6.4/Price

Price=4.40%/6.4

Price=4.40 x 100/6.4

Stock Price=$68.75

Hence, the stock price is $68.75

For more questions like Dividends click the link below:

https://brainly.com/question/14254149

Sagot :

Other Questions