Find out the current dividend per share, Financial Accounting

Assignment Help:

Find out the Current dividend per share:

Data

Stock price = $ 65

Return = 11%

Dividend Yield = 11/ 2 = 5.5 % (given)

Formula:

Dividend in one year = dividend yield * current price of stock

Dividend in one year = 5.5% * 65

Dividend in one year = 3.575

Current dividend or dividend in zero period:

Dividend in one year / (1 + dividend yield)

= 3.575 / (1 + 5.5%)

= 3.388

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