Question
(Dividendpayoutratio) Simpson Energy earned $2.6 million in net income last year and for the first time ever paid its common stockholders a cash dividend of
(Dividendpayoutratio)
Simpson Energy earned $2.6 million in net income last year and for the first time ever paid its common stockholders a cash dividend of $0.03 per share. The firm has 9.1 million shares outstanding. What was Simpson's dividend payout ratio?
Simpson's dividend payout ratio was %?
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Restaurant Financial Management
Authors: Hyung-il Jung
1st Edition
1774631431, 978-1774631430
