W Company computed the following items from its financial records for 1999: Price-earning ratio 12

题目

W Company computed the following items from its financial records for 1999: Price-earning ratio 12
W Company computed the following items from its financial records for 1999:
Price-earning ratio 12
Pay-out ratio 0.6
Assets turnover ratio 0.9
The dividend yield on W's common stock for 1999 is:
答案是 5%,我想问怎么算的

答案

Price-earning ratio 12,市盈率12,
Price-earning ratio=price/earning=股价/收益=12,
Pay-out ratio 0.6,股利分配率0.6即60%,
Pay-out ratio = dividend/earning=股利/收益=0.6,
dividend yield =dividend/price=Pay-out ratio/Price-earning ratio=0.6/12=5%