Tim Hortons paid $0.68 in dividends for each common share outstanding during 2011. Use the total Dividend

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Tim Hortons paid $0.68 in dividends for each common share outstanding during 2011. Use the total “Dividend payments to common shareholders” figure from the firm’s cash flow statement to determine how many shares (approximately) the company had outstanding in 2011. Compare this number to your answer from Practice Problem 42.

Dividend payments to common shareholders ......110.187

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Introduction To Corporate Finance

ISBN: 9781118300763

3rd Edition

Authors: Laurence Booth, Sean Cleary

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