Common stock (par $17; authorized 100,000 shares, issued 35,000 shares, of which 1,900 shares are held as treasury stock) $ 595,000
Capital in excess of par 153,000
Dividends declared and paid in 2006 18,000
Retained earnings, January 1, 2006 74,000
Treasury stock at cost (1,900 shares) 25,000


Net income for the year was $27,000. Restriction on retained earnings equal to the cost of treasury stock held is required by law in this state. The stock price is currently $22.8 per share

The Question is to Compute the dividend yield ratio.

I understand that it is the dividend per share/market price.

I know the market price is 22.8 but I cant figure out what the dividend per share is.

can you please help.:confused: