Specialty Chemicals Company SCC pays out 50 of its net
Specialty Chemicals Company (SCC) pays out 50% of its net income as cash dividends to its shareholders once each quarter. The company plans to do so again this year, during which SCC earned $100 million in net profits after tax. If the company has 40 million shares outstanding and pays dividends quarterly, what is the company’s dollar dividend payment per share each quarter?
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