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|
Pink Limited |
Purple Limited |
|
|
Earnings before interest and tax |
R3 000 000 |
R4 000 000 |
|
Long term interest bearing debt |
R500 000 |
R800 000 |
|
Earnings attributable to shareholders |
R2 124 000 |
R2 822 400 |
|
Tax rate |
28% |
28% |
|
Share Capital |
R2 00 000 |
R5 000 000 |
|
Number of ordinary shares issued |
200 000 |
400 000 |
|
Number of ordinary shares authorised |
1 000 000 |
500 000 |
|
Current market price of the share |
R30 |
R20.00 |
|
Dividend per share |
R5 |
R3 |
As a financial manager you are very concerned about the dividend yield and dividend payout ratio as these will be your indicators of the
|
Q.3.2 |
Calculate the dividend payout ratio for Pink Limited. |
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