In 2012 Entergy paid a regular quarterly dividend of $.83 per share. a. Match each of the

Question:

In 2012 Entergy paid a regular quarterly dividend of $.83 per share.
a. Match each of the following dates.
(A1) January 27 ................. (B1) Record date
(A2) February 6 ................. (B2) Payment date
(A3) February 7 ................. (B3) Ex-dividend date
(A4) February 9 ................. (B4) Last with-dividend date
(A5) March 1 .................... (B5) Declaration date
b. On one of these dates, the stock price fell by about $.83. Which date? Why?
c. Entergy's stock price in February 2012 was $68. What was the dividend yield?
d. Entergy forecasted earnings per share of about $6 for 2012. What was the payout ratio?
e. Suppose that Entergy paid a 10% stock dividend. What would happen to the stock price?
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...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles of Corporate Finance

ISBN: 978-0078034763

11th edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen

Question Posted: