Question
Apple Inc. declared a dividend of $2 per share for the year 2023. The company has 1,000,000 shares outstanding. Requirements: Calculate the total dividend payment.
Apple Inc. declared a dividend of $2 per share for the year 2023. The company has 1,000,000 shares outstanding.
Requirements:
- Calculate the total dividend payment.
- Determine the Dividend Payout Ratio if net income is $5,000,000.
- Analyze the impact of the dividend payment on the company's retained earnings.
- Evaluate the dividend yield if the stock price is $150 per share.
- Identify the benefits and drawbacks of the company's dividend policy.
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
