Videnu field he market price for Macro Corporation closed at $46.62 and $40.00 on December 31, current year, and previous year, respectively. The dividends per share were $0.69 for current year and $0.80 for previous year. . Determine the dividend yield for Macro on December 31, current year, and previous year. Round percentages to two decimal places. Current year Previous year 0% . The dividend yield from the previous year to the current year. This is a result of a(n) in the dividend relative to stock price.

Cornerstones of Financial Accounting
4th Edition
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Author:Jay Rich, Jeff Jones
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Chapter10: Stockholder's Equity
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Dividend Yield
The market price for Macro Corporation closed at $46.62 and $40.00 on December 31, current year, and previous year, respectively. The dividends per share were $0.69 for current year and $0.80 for previous year.
a. Determine the dividend yield for Macro on December 31, current year, and previous year. Round percentages to two decimal places.
Current year
%
Previous year
%
b. The dividend yield
from the previous year to the current year. This is a result of a(n)
in the dividend relative to stock price.
Transcribed Image Text:Dividend Yield The market price for Macro Corporation closed at $46.62 and $40.00 on December 31, current year, and previous year, respectively. The dividends per share were $0.69 for current year and $0.80 for previous year. a. Determine the dividend yield for Macro on December 31, current year, and previous year. Round percentages to two decimal places. Current year % Previous year % b. The dividend yield from the previous year to the current year. This is a result of a(n) in the dividend relative to stock price.
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