The dividend payout ratio for the Albany Company is 40%. Albany has 1 million shares outstanding, sales
Question:
The dividend payout ratio for the Albany Company is 40%. Albany has 1 million shares outstanding, sales of $15 million, and a net profit margin of 5%. What is the amount of Albany’s dividends per share?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Management And Analysis (Frank J. Fabozzi Series)
ISBN: 9780471477617
2nd Edition
Authors: Frank J. Fabozzi, Pamela P. Peterson
Question Posted: