Question: can someone show me step by step how the dps is calculated. If you want equal amounts of dividend per share (DPS) in each of

can someone show me step by step how the dps is calculated.

If you want equal amounts of dividend per share (DPS) in each of the two years, and because the pattern of dividend payments (firm's dividend policy) does not affect the firm's value, and therefore does not affect share price, we have the following equation: DPS DPS Current price $23.20605 1 + 0.15 (1 + 0.15) Solving for DPS, we get DPS = $14.27442 b)

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