In 2017, Entergy paid a regular quarterly dividend of $.89 per share. a. Match each of the
Question:
In 2017, Entergy paid a regular quarterly dividend of $.89 per share.
a. Match each of the following dates.
(A1) Friday, October 27
(A2) Tuesday, November 7
(A3) Wednesday, November 8
(A4) Thursday, November 9
(A5) Friday, December 1
(B1) Record date
(B2) Payment date
(B3) Ex-dividend date
(B4) Last with-dividend date
(B5) Declaration date
b. On one of these dates, the stock price fell by about $.89. Which date? Why?
c. Entergy’s stock price in November 2017 was about $86. What was the dividend yield?
d. Entergy’s forecasted earnings per share for 2017 were about $6.90. What was the payout ratio?
e. Suppose that Entergy paid a 10% stock dividend. What would happen to the stock price?
DividendA 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...
Step by Step Answer:
a The order of the date descriptors is declaration date last withdividend date exd...View the full answer
Principles of Corporate Finance
ISBN: 978-1260013900
13th edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen
