If the payout ratio is 0.60 and net income is $240 million with 30 million outstanding shares, what is the dividend per share?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 4P: Reno Revolvere has an EPS of $1.50, a cash flow per share of $3.00, and a price/cash flow ratio of...
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If the payout ratio is 0.60 and net income is $240
million with 30 million outstanding shares, what is the
dividend per share?
Transcribed Image Text:If the payout ratio is 0.60 and net income is $240 million with 30 million outstanding shares, what is the dividend per share?
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