Question
Dungeoness Corporation has excess cash of $1,900 that it would like to distribute to shareholders as an extra dividend. Current earnings are $0.80 per share,
Dungeoness Corporation has excess cash of $1,900 that it would like to distribute to shareholders as an extra dividend. Current earnings are $0.80 per share, and the stock currently sells for $27 per share. There are 220 shares outstanding. Ignore taxes and other imperfections.
If Dungeoness Corp. pays a cash dividend, what will be the dividend per share? After the dividend is paid, what will the price per share be? What are earnings per share (EPS) and the price earnings (P/E) ratio? Enter your answers rounded to 2 DECIMAL PLACES.
Dividend per share= ?
Price per share = ?
Earnings per share (EPS) = ?
Price earnings (P/E) ratio= ?
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Wealth Habits Six Ordinary Steps To Achieve Extraordinary Financial Freedom
Authors: Candy Valentino
1st Edition
1394152299, 978-1394152292
