Last year Williams Corp. reported net income of $2,090,150 on sales of $18,500,000 and had 985,000 shares of stock outstanding The company had a 50% dividend payout ratio. What was the company's dividend per share last year? $0.79 $0.99 $1.06 D) $1.29 $1.75

Last year Williams Corp. reported net income of $2,090,150 on sales of $18,500,000 and had 985,000 shares of stock outstanding The company had a 50% dividend payout ratio. What was the company's dividend per share last year? $0.79 $0.99 $1.06 D) $1.29 $1.75

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 1P

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Question

Pls help sir option match

Last year Williams Corp. reported net income of $2,090,150 on sales of $18,500,000 and had 985,000 shares of stock outstanding.
The company had a 50% dividend payout ratio. What was the company's dividend per share last year?
$0.79
B) $0.99
$1.06
$1.29
E $1.75

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