Collins Inc's latest net income was 1 million, and it had 200,000 shares outstanding. The company wants
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Collins Inc's latest net income was 1 million, and it had 200,000 shares outstanding. The company wants to pay out 40% of its income. What dividend per share should the company declare?
1. 1.60
2. 1.70
3. 1.80
4. 1.90
5. 2.00
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Related Book For 
Introduction to Corporate Finance What Companies Do
ISBN: 978-1111222284
3rd edition
Authors: John Graham, Scott Smart
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