Answer :
Answer:
Dividend Yield = 3%
Equity cost of capital = 10%
Explanation:
Dividend yield is a financial ratio which is used by investors to assess a company's annual dividend payout in comparison of its stock price. The formula for dividend yield ratio is :
Annual dividend / Stock price
$0.75 / $25 = 3%
Equity cost of capital is the rate of return required by the investors of equity. This is the rate which a company must pay to raise funds. The formula for finding equity cost of capital is :
Dividend Yield + (Expected Stock price - Stock price today) / Stock price today
3% + ($26.75 - $25 ) / $25 = 10%
Answer:
Cost of equity = 9.6%
Dividend Yield = 3.0%
Explanation:
Growth rate in dividend
growth rate in dividend =( Price in year 1/Price now) - 1
=(26.75/25)-1
=6.6%
Cost of equity
(Ke) =( D(1+g)/P) + g
ke- cost of equity, Div in year 0, P= ex-div market price, g= growth rate in div.
0.75/25 + 0.066
=9.6%
Dividend Yield
DY = Dividend/current price share
=( 0.75/25)× 100
= 3.0%