Polycom Systems earned $553 million last year and paid out 25 percent of earnings in dividends. a.
Question:
a. By how much did the company’s retained earnings increase?
b. With 100 million shares outstanding and a stock price of $101, what was the dividend yield?
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...
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Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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