lastAfter a S-for- 1 stuck split, Tyler Companypaid a dividend of $0.95 per new share, whichrepresents a 7% increase over year's pre-split dividend. What was last year's dividendper share? Round your answer to the nearestcent. A4545*****atget14ΔΔΔΔΔΔΔΔNTH

Dividend per share is the amount of money that a company pays out to its shareholders for each share they own. It is calculated by dividing the total amount of dividends distributed by the number of shares outstanding. The dividend per share is an important metric for shareholders as it determines the return they receive on their investments.Stock Split = 5 for 1 New Share dividend = $0.95Increase in pre-split dividend = 7%Before split dividend per share was = 5*$ 0.95=$ 4.75Last Year's dividend per share =Before split dividend per share / (1 + growth rate)= $ 4.75/(1+7%)= 4.439252336rounded to $ 4.44Last Year's dividend per share = $ 4.44

Business

Finance

After a S-for-1 stock split, Tyler Company paid a dividend of $0.95 per new share, which last year's pre- represents a 7% increase over split dividend. What was last year's dividend pershare? Round your answer to the nearest "cent."

After a S-for-1 stock split, Tyler Company paid a dividend of $0.95 per new share, which last year's pre- represents a 7% increase over split dividend. What was last year's dividend pershare? Round your answer to the nearest "cent."

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Johnson Products earned $4.35 per share last year and paid a dividend of $1.70 per share. If ROE was 17 percent, what is the sustainable growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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Dividend Yield On June 30, Rae Corporation had a market price of $16 per share of common stock. For the previous year, Rae paid an annual dividend of $0.96. Compute the dividend yield for Rae Corporation. If necessary, round your answer to two decimal places.
Over the past 6 years, a local firm has paid annual dividends of $1.89, $2.23, $2.57, $2.75, $3.07, and $3.29. What is the arithmetic average dividend growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Enterprise Storage Company has 420,000 shares of cumulative preferred stock outstanding, which has a stated dividend of $5.75. It is six years in arrears in its dividend payments. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. a. How much in total dollars is the company behind in its payments? (Do not round intermediate calculations. Input your answer in dollars, not millions (e.g., $1,234,000).) Dividend in arrears b. The firm proposes to offer new common stock to the preferred stockholders to wipe out the deficit. The common stock will pay the following dividends over the next four years: D1 D2 D3 D4 $1.05 1.15 1.25 1.35 The company anticipates earnings per share after four years will be $4.07 with a P/E ratio of 14. The common stock will be valued as the present value of future dividends plus the present value of the future stock price after four years. The discount rate used by the investment banker is 11…
Radon Homes' current EPS is $6.50. It was $4.42 5 years ago. The company pays out 40% of its earnings as dividends, and the stock sells or $36. a. Calculate the historical growth rate in earnings. (Hint: This is a 5 - yeargrowth period.)b. Calculate the next expected dividend per share, DI . (Hint: DO = o.4($6.50)= $2.60) Assume that the past growth rate will continue.c. What is Radon's cost of equity, rs ?
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Radon Homesí current EPS is $6.30. It was $4.77 5 years ago. The company pays out 50% of its earnings as dividends, and the stock sells for $30. Calculate the historical growth rate in earnings. Do not round intermediate calculations. Round your answer to two decimal places. % Calculate the next expected dividend per share, D1. (Hint: D0 = 0:50 ($6:30) = $3:15.) Assume that the past growth rate will continue. Do not round intermediate calculations. Round your answer to the nearest cent. What is Radonís cost of equity, rs? Do not round intermediate calculations. Round your answer to two decimal places.
The current yield on stock invested in Lynx Corporation is 4.2%. The dividend last year was $3.25 per share. What was the selling price of the stock?
Dipstick Auto Repairs is selling shares for $42.00 per share and pays a dividend. The projected growth rate for the company is 2.50%. Assuming the stocks required rate of return is 5.0%. What was the last dividend, Do? (Round to two decimals) $1.06 $1.02 $2.08 O $1.75 O $0.85
One year ago, KJ Industries stock sold for $58 a share. Over the past year, the stock has returned 19.0 percent with half of that return coming from dividend income. What is the current price of this stock? $69.02 $63.51 $52.49 $46.98
Enterprise Storage Company has 450,000 shares of cumulative preferred stock outstanding, which has a stated dividend of $8.75. It is six years in arrears in its dividend payments. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.a. How much in total dollars is the company behind in its payments? (Do not round intermediate calculations. Input your answer in dollars, not millions (e.g., $1,234,000).) Dividend in arrears b. The firm proposes to offer new common stock to the preferred stockholders to wipe out the deficit. The common stock will pay the following dividends over the next four years: D1 $ 1.20 D2 1.30 D3 1.40 D4 1.50 The company anticipates earnings per share after four years will be $4.10 with a P/E ratio of 11.The common stock will be valued as the present value of future dividends plus the present value of the future stock price…

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