Phosphorus Technologies earned 3 million in net income last year and for the first time ever paid
Question:
Phosphorus Technologies earned €3 million in net income last year and for the first time ever paid its common stockholders a cash dividend of €1.12 per share. The firm has 1 million shares outstanding. What was Phosphorus Technologies’ dividend payout ratio?
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To calculate the dividend payout ratio we need to divide th...View the full answer
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Related Book For 
Foundations Of Finance
ISBN: 9781292155135
9th Global Edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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