Burgos Co declared dividends amounting to Php1 50 per share this year out of its Php500,000 net income during the year The following summarizes the shareholders equity of Burgos Co Total authorized shares 500,000 shares Issued shares 100,000 shares Treasury shares 10,000 shares Total shareholders' equity Php2,500,000 What is the estimated growth rate of Burgos Co 's dividends

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Question: Burgos Co. declared dividends amounting to Php1.50 per share this year out of its Php500,000 net income during the year. The following summarizes the shareholders

Burgos Co. declared dividends amounting to Php1.50 per share this year out of its Php500,000 net income during the year. The following summarizes the shareholders equity of Burgos Co.:

Total authorized shares - 500,000 shares
Issued shares - 100,000 shares
Treasury shares - 10,000 shares
Total shareholders' equity - Php2,500,000

What is the estimated growth rate of Burgos Co.'s dividends?

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