Goodstuff Corporation has total equity of $500 million and 100 million shares out standing Its ROE is 15 The dividend payout ratio is 33 3 Calculate the companys dividends per share (round to the nearest penny) ...

Dividend per share EPS x Payout ratio EPS ...

Goodstuff Corporation has total equity of $500 million and 100 million shares out-standing. Its ROE is 15%.

Question:

Goodstuff has total equity of $500 million and 100 million shares out-standing. Its ROE is 15%. The payout ratio is 33.3%. Calculate the company’s dividends per share (round to the nearest penny).
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...