If the company maintains this 50% payout ratio, what will be the current dividend yield on the company’s stock? Round your answer to two decimal places.fill in the blank 3%
QUESTION AND ANSWER Brooks Sporting Inc. is prepared to report the following 2016 income statement (shown in thousands of dollars). Sales $15700 Operating costs including depreciation 12246 EBIT $3454 Interest 264 EBT $3190 Taxes (40%) 1276 Net income $1914 Prior to reporting this income statement, the company wants to determine its annual dividend. The company […]