MusicPod\'s earnings per share ratios were $2.51 and $2.15 respectively for 2015

Question

MusicPod's earnings per share ratios were $2.51 and $2.15 respectively for 2015 and 2014. MusicPod's stock was trading at $57 and $47.50 per share at the end of 2015 and 2014 respectively. The company paid cash dividends per share of $0.89 in 2015 and $0.67 in 2014. Total stockholders' equity was $13,612 million and $11,936 million in 2015 and 2014 respectively. The common shares outstanding were approximately 1,784,000 during both 2015 and 2014. MusicPod's dividend yield ratio for 2015 is closest to which one?

35.50%

1.41%

31.20%

1.56%

Explanation / Answer

Dividend per share (2015) = $0.89

Price per share (2015) = 57

Dividend yield = Dividend per share/ Price per share

                                = 0.89/57

                                = 1.56%

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