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Helmuth Inc's latest net income was $1,410,000, and it had 225,000 shares outstanding. The company wants to pay out 45%...

Helmuth Inc's latest net income was $1,410,000, and it had 225,000 shares outstanding. The company wants to pay out 45% of its income. What dividend per share should it declare? Do not round your intermediate calculations.
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Answer #1

Net Income = $ 1410000

No. of shares = 225000

Dividend = $ 1410000 * 0.45 = $ 634500

Dividend per share = $ 634500 / 225000 = $ 2.82

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