Multiple Choice
During the financial year ended 31 August 2019, Xiao plc paid total dividends of £480,000 including £120,000 of preference dividends. Xiao plc has £1,000,000 of ordinary share capital made up of shares with a par value of 25 pence. Earnings per share for the financial year ended 31 August 2019 were 24 pence. The current market price of one ordinary share in Xiao plc is 300 pence. What is Xiao plc's dividend yield?
A) 3%
B) 4%
C) 8%
D) 12%
Correct Answer:
Verified
Correct Answer:
Verified
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