You have found the following stock quote for RJW Enterprises. Inc., in the finan

Question

You have found the following stock quote for RJW Enterprises. Inc., in the financial pages of today's newspaper. What is the annual dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, (e.g., 32.16)) What was the closing price for this stock that appeared in yesterday's paper? (Do not round intermediate calculations and round your final answer to 2 decimal places, (e.g., 32.16)) If the company currently has 35 million shares of stock outstanding, what was net income for the most recent four quarters? (Enter your answer in dollars, not millions of dollars. Do not round intermediate calculations and round your final answer to the nearest whole number, (e.g., 32))

Explanation / Answer

Annual yield = 2.50%

Yesterday’s closing price = $128

EPS = $128÷15 = $8.533 per share

Net income = 35,000,000×$8.533 = $298,655,000

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