Answered: Goodstuff Corporation has total equity…

Goodstuff Corporation has total equity of $494 million and 138 million shares outstanding. Its ROE is 10.66 %. The dividend payout ratio is 28.5 %. Calculate the company's dividends per share.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Goodstuff Corporation has total equity of $494 million and 138 million shares outstanding. Its ROE is 10.66 %. The dividend payout ratio is 28.5 %.

Calculate the company's dividends per share.

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