MusicPod's Earnings Per Share Ratios Were $2

MusicPod's earnings per share ratios were $2.47 and $2.07 respectively for 2017 and 2016. MusicPod's stock was trading at $53.00 and $41.50 per share at the end of 2017 and 2016 respectively. The company paid cash dividends per share of $0.85 in 2017 and $0.63 in 2016. Total stockholders' equity was $13,572 million and $11,896 million in 2017 and 2016 respectively. The common shares outstanding were approximately 1,782,000 in both 2017 and 2016. MusicPod's dividend yield ratio for 2017 is closest to:

A) 34.4%
B) 1.4%
C) 30.4%
D) 1.6%

Correct Answer:

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