DIVIDENDS A. Halsey announces $ 50 million in Earnings and $ 70 million in Other Comprehensive...
DIVIDENDS
A. Halsey announces $ 50 million in Earnings and $ 70 million in Other Comprehensive Income. Calculate Comprehensive Income.
B. Halsey announces $ 10 million in Dividends paid from these $ 50 million in Earnings as dividends to its Preferred Stock holders only.
i. What is the “Net Income attributable to Common Shareholders”?
ii. What is the Return on Average Common Equity if the Average Common Equity for this year is $ 400 million?
Homework Answers
A.
Comprehensive Income = Earnings + Other Comprehensive Income = 50 million + 70 million = $120 million
B
i.
Net Income attributable to common shareholders
= Earnings - Dividends paid to preferred stockholders
= 50 million - 10 million
= $40 million
ii.
Return on average common equity
= Net income attributable to common shareholders / Average common equity
= 40 million / 400 million
= 10%
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