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14 The following information is available for Meyer Company: ...

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Question

Accounting

14

The following information is available for Meyer Company:

Dividends per share of common stock

$1.80

Market price per share of common stock

$30.00

Which of the following statements is correct?

a. The dividend yield is 16.7%, which is of interest to bondholders.

b. The dividend yield is 6.0%, which is of special interest to investors seeking to earn revenue on their investments.

c. The dividend yield is 6.0%, which is of interest to investors seeking an increase in market price of their stocks.

d. The dividend yield is 16.7%, which is an important measure of solvency.

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