Jensen Inc. has total equity of $70 billion and 670 million shares outstanding. Its ROE is 18.32%. The dividend payout ratio is 11.3%. Calculate the company's dividends per share (round to the nearest penny). The company's dividends per share is $ (Round to the nearest cent.)
Jensen Inc. has total equity of $70 billion and 670 million shares outstanding. Its ROE is 18.32%. The dividend payout ratio is 11.3%. Calculate the company's dividends per share (round to the nearest penny). The company's dividends per share is $ (Round 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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![Jensen Inc. has total equity of $70 billion and 670 million shares outstanding. Its ROE is 18.32%. The dividend payout ratio is 11.3%. Calculate the company's
dividends per share (round to the nearest penny).
The company's dividends per share is $
(Round to the nearest cent.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feb6491fb-a924-4404-a779-e99361756791%2F7e5cdf1a-47d5-4d32-98d2-f8d7e8ac4a6f%2Fvabrh2n_processed.png&w=3840&q=75)
Transcribed Image Text:Jensen Inc. has total equity of $70 billion and 670 million shares outstanding. Its ROE is 18.32%. The dividend payout ratio is 11.3%. Calculate the company's
dividends per share (round to the nearest penny).
The company's dividends per share is $
(Round to the nearest cent.)
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