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Can you show how you work out Q1 ME.
ABC Co has just paid a dividend of 24 cents per share and it’s current share price one year ago was $3.60. The total shareholder return for the year was 23.3%
The total shareholder return over a year = (dividend + increase in share price) / share price at the start of the year.
Since the return is 23.3%, then dividend + increase in share price = 23.3% x $3.60 = $0.84
The dividend during the year is $0.24, therefore the share price increase must be $0.84 – $0.24 = $0.60
Therefore the current share price = 3.60 + 0.60 = $4.20.