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Saud SAOG earned OMR 3.25 per share in the last financial year. The company expects to earn OMR 4.50 per share next year. If Saud SAOG follows a policy of paying out 35% of its earnings as dividends to their shareholders, what was the company’s dividend payment per share in the last financial year? a. OMR 1.575 b. OMR 1.75 c. OMR 3.25 d. OMR 1.138

Saud SAOG earned OMR 3.25 per share in the last financial year. The company expects to earn OMR 4.50 per share next year. If Saud SAOG follows a policy of paying out 35% of its earnings as dividends to their shareholders, what was the company’s dividend payment per share in the last financial year? a. OMR 1.575 b. OMR 1.75 c. OMR 3.25 d. OMR 1.138

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Saud SAOG earned OMR 3.25 per share in the last financial year. The company expects to earn OMR 4.50 per share next year. If Saud SAOG follows a policy of paying out 35% of its earnings as dividends to their shareholders, what was the company’s dividend payment per share in the last financial year?
a.
OMR 1.575
b.
OMR 1.75
c.
OMR 3.25
d.
OMR 1.138
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