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Here are key financial data for House of Herring, Inc.: Earnings per share for 2018 $6.10 Number of shares outstanding 41.20 million Target payout ratio

Here are key financial data for House of Herring, Inc.:

Earnings per share for 2018 $6.10
Number of shares outstanding 41.20 million
Target payout ratio 50 %
Planned dividend per share $3.05
Stock price, year-end 2018 $ 160

House of Herring plans to pay the entire dividend early in January 2019. All corporate and personal taxes were repealed in 2017.

a.

Other things equal, what will be House of Herring

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