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From the income statement, the corporation had a net income of $724 million for the year. Total dividends were $106 million. There were 400 million shares outstanding. How much is the dividends per share
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From the income statement, the corporation had a net income of $724 million for the year. Total dividends were $106 million. There were 400 million shares outstanding. How much is the dividends per share

User Giltay
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1 Answer

5 votes

Answer:

Dividend per year= $0.265 per share

Step-by-step explanation:

Calculation of the dividend per year

Using this formula

Dividends per share=Total dividends/Total shares outstanding

Let plug in the formula

Dividend per share=$106/400

Dividend per share= $0.265 per share

Therefore the amount of dividend per share will be $0.265

User Robert Kusznier
by
4.2k points
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