Maxwell Electronics had net income of $15 million last year, and had 3 million common shares...
Maxwell Electronics had net income of $15 million last year, and had 3 million common shares outstanding. They declared a 12% stock dividend. Calculate EPS before and after the stock dividend.
Homework Answers
EPS before is computed as shown below:
= Net Income / Number of shares outstanding
= $ 15 million / 3 million
= $ 5
EPS after dividend is computed as shown below:
= (Net Income - stock dividend) / Number of shares outstanding
= ($ 15 million - 12%) / 3 million
= $ 4.40
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