Latino Inc. employs a residual dividend policy which pays on an annual basis. This year, Latino...

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Latino Inc. employs a residual dividend policy which pays on an annual basis. This year, Latino Inc., funded $7.5 million in projects, with 40% of total funds coming from equity. Latino Inc. always uses internal equity first, before issuing new equity. Net Income in the current year totaled $3.9 million. There are 270000 shares outstanding. How much did Latino Inc. pay per share in its residual dividend? Latino Inc. employs a residual dividend policy which pays on an annual basis. This year, Latino Inc., funded $7.5 million in projects, with 40% of total funds coming from equity. Latino Inc. always uses internal equity first, before issuing new equity. Net Income in the current year totaled $3.9 million. There are 270000 shares outstanding. How much did Latino Inc. pay per share in its residual dividend?

Answer rating: 100% (QA)

To calculate the pershare dividend paid by Latino Inc under its residual dividend policy we need to ... View the full answer