Question: Can you please show how this is done with steps? Jensen Inc. has total equity of $62 billion and 660 million shares outstanding. Its ROE

Can you please show how this is done with steps?

Jensen Inc. has total equity of $62 billion and 660 million shares outstanding. Its ROE is 12.37%. The dividend payout ratio is 28.1%. Calculate the company's dividends per share (round to the nearest penny). The company's dividends per share is $ (Round to the nearest cent.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Blooper s analysts have come up with the following revised estimates for its magnoosium mine: Initial investment Pessimistic + 2 5 % Optimistic 1 5 % Revenues Pessimistic 2 0 % Optimistic + 2 5 %...

Next Gear Corp. has total equity of $89 million and 38 million shares outstanding. Its ROE is 14.15%. Calculate the company's EPS. The company's EPS is $ 2.34. (Round to the nearest cent.) Jensen...

1 . Jensen Inc. has total equity of $ 7 1 billion and 6 9 4 million shares outstanding. Its ROE is 1 5 . 4 2 % . The dividend payout ratio is 2 0 . 2 % . Calculate the company's dividends per share (...

Q1 An investor estimates that next year's sales for Dursley's Hotels, Inc., should amount to about $98 million. The company has 4.6 million shares outstanding, generates a net profit margin of about...

Jensen Inc. has total equity of $68 billion and 701 million shares outstanding. Its ROE is 12.37%. The dividend payout ratio is 25.2%. Calculate the company's dividends per share (round to the...

Jensen Inc. has total equity of $73 billion and 675 million shares outstanding. Its ROE is 12.7%. The dividend payout ratio is 21%. Calculate the companys dividends per share. Please show your work....

Q2 Jensen Inc. has total equity of $71 billion and 693 million shares outstanding. Its ROE is13.98%. The dividend payout ratio is 26.6%. Calculate the company's dividends per share (round to the...

FastPaced Inc. had sales of $124 million in 2019 and is expected to have sales of $171.57 million for 2020. The company's net profit margin was 6.9% in 2019 and is expected to increase to 11.2% by...

Jensen Inc. has total equity of $67 billion and 654 million shares outstanding. Its ROE is 12.74%. The dividend payout ratio is 22.4%. Calculate the company's dividends per share (round to the...

Jensen Inc. has total equity of $72 billion and 720 million shares outstanding. Its ROE is 18.13%. The dividend payout ratio is 25.4%. Calculate the company's dividends per share (round to the...

Jensen Inc has total equity of $65 billion and 717 million shares outstanding. Its ROE is 16.92%. The dividend payout ratio is 27.8% Calculate the company's dividends per share (round to the nearest...

Riverbed Corp operates in the province of Ontario and sells merchandise on which HST must be charged at a rate of 13%. Riverbed uses a perpetual inventory system and has a calendar year end....

A student taking a quiz finds on a reference sheet the two equations f = 1 / T and v = T / She has forgotten what T represents in each equation. (a) Use dimensional analysis to determine the units...

All of the following corporate actions are zero - sum to the system except: Question 1 Select one: a . Bonus issues b . Proxy voting c . Dividend payments d . Interest payments

A company is preparing completing their Cash Budget. The following data has been prepared for cash receipts and payments. January February March Cash receipts $1,061,200 $1,182,400 $1,091,700 Cash...