Which of the following is the correct calculation for Wolf Incorporateds dividend payout ratio for its fiscal

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Which of the following is the correct calculation for Wolf Incorporated’s dividend payout ratio for its fiscal 2020 reporting period? Annual dividends per share in 2020 is $1.10 and earnings per share is $2.20.

a. 200%

b. 50%

c. 60%

d. 2%

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...
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Fundamental Accounting Principles Volume II

ISBN: 978-1260305838

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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