Leigh Fibers has 6 million shares outstanding This year Leigh will have operating income (EBIT) of $36 4 million, interest expenses of $5 8 million, and depreciation expenses of $6 2 million What will be Leigh 's dividend per share if the company has a payout ratio of 30 Assume a marginal tax rate ...

Calculation of dividend per share Particulars Amount In million EBIT 364 Less ...

Leigh Fibers has 6 million shares outstanding. This year Leigh will have operating income (EBIT) of $36.4

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Leigh Fibers has 6 million shares outstanding. This year Leigh will have operating income (EBIT) of $36.4 million, interest expenses of $5.8 million, and depreciation expenses of $6.2 million. What will be Leigh's dividend per share if the company has a payout ratio of 30%? Assume a marginal tax rate of 40%.
a. $1.09
b. $0.61
c. $0.92
d. $0.73