Firehawk Corporation Had Net Income of $560,000 in 20x5 and Paid

Multiple Choice

Firehawk Corporation had net income of $560,000 in 20x5 and paid dividends of $440,000 on 200,000 shares of outstanding common stock.Total stockholders' equity at the end of 20x5 was $2,060,000 and the market price for each share of Firehawk's stock was $58 throughout 20x5.Additionally,the company paid preferred dividends of $2.40 per share during 20x5.Based on this information,what is the dividend yield on Firehawk's stock?

A) 21.36%
B) 78.57%
C) 3.79%
D) 7.93%