Springsten Music Company earned $ 820 million last year and paid out 20 percent of earnings in dividends. By how much did the company's retained earnings increase? With 100 million share outstanding and stock price of $50, what was the dividend yield?© BrainMass Inc. brainmass.com October 9, 2019, 8:37 pm ad1c9bdddf
By how much did the company's retained earnings increase?
The retained earnings will increase by net income - ...
The solution explains how to calculate the dividend yield.