Use the information on Newell Rubbermaid shown here to answer the problems below.
Current stock price $21.90
Beta 1.70
Annual Dividend $0.60
Earnings per Share $1.28
Total Shares Outstanding 287 million
Assets $6.16 billion
Liabilities $4.31 billion
a. Find the dividend yield. Express as a percentage rounded to the tenths.
b. Find the payout ratio rounded to the nearest whole percent, and describe what a payout ratio means. (Stating the formula is not an explanation.)
c. Find the book value of the company. Newell Rubbermaid does not have preferred shares.
d. Find the market capitalization of the company. Also, state whether this is a small-cap, mid-cap, or large-cap stock, and describe how you know.