Cash Cow International paid a regular quarterly dividend of $0.115 a share. a. C

Question

Cash Cow International paid a regular quarterly dividend of $0.115 a share. a. Connect each of the following dates to the correct term: May 7 June 6 June 7 June 11 July 2 (Click to select) ( (Click to select) (Click to select) (Click to select) (Click to select) b. On which date the stock price likely to fall by about the amount of the dividend. O May 7 O June 6 O June 7 O June 11 O July 2 c. The stock price in early January was $33. What was the prospective dividend yield? (Round your answer to 2 decimal places.) Dividend yield d. The annual earnings per share were forecast at around $2.25. What was the percentage payout ratio? (Round your answer to 2 decimal places.) Payout ratio

Explanation / Answer

May 7 Declaration Date

June 6 In Dividend or Cum-Dividend Date

June 7 Ex-dividend Date

June 11 Record Date

July 2 Payment Date

June 7 price falls by dividend

Dividend Yield =4*0.115/33=1.3940%

Payout=Dividends/Earnings=4*0.115/2.25=20.44%

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