Assume you own shares in Honeywell, Inc. and that the company currently earns $6.04 per share and

Question:

Assume you own shares in Honeywell, Inc. and that the company currently earns $6.04 per share and pays annual dividend payments that total $2.38 a share each year. Calculate the dividend payout for Honeywell.

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...