Helmuth Inc's latest net income was $1,210,000, and it had 225,000 shares outstanding. The company wants to

Question:

Helmuth Inc's latest net income was $1,210,000, and it had 225,000 shares outstanding. The company wants to pay out 45% of its income. What per share should it declare?
a. $2.49
b. $2.06
c. $2.11
d. $2.69
e. $2.42

Dividend
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...