Stewart Enterprises Declares Quarterly Dividend

On 28 March 2007, Jefferson, LA-based Stewart Enterprises, Inc. declared a "quarterly cash dividend of $0.025 per share. The dividend is payable on 26 April 2007 to holders of record of Class A and Class B Common Stock as of the close of business on 12 April 2007."

Founded in 1910, Stewart Enterprises, Inc. is the "second largest provider of products and services in the death care industry in the United States, currently owning and operating 227 funeral homes and 143 cemeteries." STEI

  1. Zelmo owns 250 shares of STEI. If Zelmo receives a full-year of quarterly dividends of $0.025 per share, his dividend income will be $_______________. [round to nearest cent]

  2. A stock's percentage yield is the yearly dividend amount divided by the current stock price multiplied by one hundred. On 28 March 2007, STEI closed at $8.12. Stewart Enterprises has paid a $0.025 per share dividend for at least four consecutive quarters; therefore, based upon its 28 March 2007 closing price, the yield for STEI is ______%. [round to nearest hundredth]

  3. As of 28 March 2007, there were approximately 105.51 million STEI shares; consequently, Stewart Enterprises 26 April 2007 dividend payout will approximate $________________.

  4. Stewart Enterprises ratio of "funeral homes" to "cemeteries" is _____:1.

Creator: Gerald D. Thurman []
Created: 29 March 2007

Creative Commons License
This work is licensed under a Creative Commons License.