Patrick is the CFO of Reed Inc. Patrick says that RI earned $13 million last year and maintains a 30% dividend payout ratio. The company has 2 million shares of common stock outstanding and a P/E ratio of 10. What is the dividend yield for RI?
A. 1.50%
B. 2.50%
C. 3.00%
D. 4.50%
Patrick is the CFO of Reed Inc. Patrick says that RI earned $13 million last year...
44 Lucas Inc. earned $15 million last year and retained $6 million. Lucas has 14 million shares outstanding, and the current price of Lucas shares is $25 per share. What is the dividend payout ratio? (Round your answer to the nearest whole percent.) 63% 65% 60% 55%
(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 %?
(Dividend payout ratio) Simpson Energy earned $ 2.3 million in net income last year and for the first time ever paid its common stockholders a cash dividend of $ 0.08 per share. The firm has 9.4 million shares outstanding. What was Simpson's dividend payout ratio? Simpson's dividend payout ratio was _______% (Round to two decimal places) (Cost of preferred stock) The preferred stock of Texas Southern Power Company sells for $39 and pays $8 in dividends. The net price of...
Rickie is CFO of Fowler Inc. Rickie has been asked by his CEO What is the payout ratio for FI? Rickie states the FI earned $15 million last year and retained $9 million. FI has 5 million shares outstanding, and the current price of FI shares is $30 per share. Select one: a. 2.67% b. 4% c. 40% d. 60%
Rickie is CFO of Fowler Inc. Rickie has been asked by his CEO What is the payout ratio for FI? Rickie states the FI earned $15 million last year and retained $9 million. Fl has 5 million shares outstanding, and the current price of FI shares is $30 per share. Select one: O a. 2.67% O b.4% O c. 40% O d. 60%
Last year, Apple Inc. had net income of $129 million and paid out $38.7 million in the form of dividends. This year, the company has a net income of $154.8. It has identified positive NPV projects that require $139.32 million in funding. The company's target debt ratio (debt/asset) is 0.5. The company has 6 million shares outstanding. 1. If the company wants to maintain the same payout ratio as last year, what should be the dividend per share (in $)?...
Question 3: the newspaper reported last week that Little Sheep earned $28 million this year. Sales revenue is $350 million. The company current has an asset turnover ratio of 0.5, and a total equity of $186.667 million. Little Sheep declares that it will pay out 30% of their earnings as dividends. The company has 2 million common shares outstanding. The required rate of return is 12% What is the profit margin of the company? What is the equity multiplier (i.e....
New Millenium Company earned $2.2 million in net income last year. It took depreciation deductions of $299,000 and made new investments in working capital and fixed assets of $104,000 and $345,000 respectively. a. What was New Millenium's free cash flow last year? b. Suppose that the company's free cash flow is expected to grow at 4% per year forever. If investors require a return of 7% on Millenium stock, what is the present value of Millenium's future free cash flows?...
Brooks Sporting Inc. is prepared to report the following 2016 income statement (shown in thousands of dollars). $11900 9163 $2737 Sales Operating costs including depreciation EBIT Interest EBT Taxes (40%) Net Income Prior to reporting this income statement, the company wants to determine its annual dividend. The company has 310000 shares of stock outstanding, and its common stock trades at $54 per share. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform...
ASIA Co. has 30 million shares outstanding, trading for $60, with an EPS of $2.50 and a P/E multiple of 24. The company earns net income of $200 million for the year and pays out an annual dividend of $1.50 per share. The board of directors is considering a 3-for-2 stock split. a) What is the company’s stock price after the stock split? b) What is the company’s dividend yield after the stock split?