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 :