FIN 370 Course Great Wisdom / tutorialrank.com FIN 370 Course Great Wisdom / tutorialrank.com | Page 24
- $ 1,294,000
- $ 1,322,000
- $ 1,045,000
- $ 1,308,000
- $ 1,308,000
Webster United is paying a dividend of $ 1.32 per share today. There are 350,000 shares outstanding with a market price of $ 22.40 per share prior to the dividend payment. Ignore taxes. Before the dividend, the company had earnings per share of $ 1.68. As a result of this dividend, the:
Retained earnings will decrease by $ 350,000.
Earnings per share will increase to $ 3.
- $ 1,294,000
- $ 1,322,000
- $ 1,045,000
- $ 1,308,000
- $ 1,308,000
Webster United is paying a dividend of $ 1.32 per share today. There are 350,000 shares outstanding with a market price of $ 22.40 per share prior to the dividend payment. Ignore taxes. Before the dividend, the company had earnings per share of $ 1.68. As a result of this dividend, the: