(Dividendpayoutratio) Simpson Energy earned $2.6 million in net income last year and for the first time...
(Dividendpayoutratio)
Simpson Energy earned $2.6 million in net income last year and for the first time ever paid its common stockholders a cash dividend of $0.03 per share. The firm has 9.1 million shares outstanding. What was Simpson's dividend payout ratio?
Simpson's dividend payout ratio was %?
Homework Answers
Dividend payout Ratio = Total Dividends Paid/Net Income
Total dividends paid = Dividend paid per share * Number of shares outstanding
Total dividends paid = $0.03/share * 9.1 million = $0.273 million
Dividend payout ratio = $0.273million/$2.6 million = 10.50%
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(Dividendpayoutratio)
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