Question
Apples INC profit after tax for an accounting period is 30m$. Issued capital consists of 50m ordinary shares of 1$ each. A dividend of 0.50$
Apples INC profit after tax for an accounting period is 30m$. Issued capital consists of 50m ordinary shares of 1$ each. A dividend of 0.50$ per share is paid for the current period and the market price per ordinary share is currently 5$. Calculate the dividend cover and the dividend yield for the period.
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Financial Management Theory And Practice
Authors: Eugene F Brigham, Michael C Ehrhardt
11th Edition
0324259689, 9780324259681
