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P6.11 Southern Cities Trucking Company has the following 5-year record of earnings per share. Year EPS ($) 2009 1.40 2010 2.10 2011 1.00 2012 3.25
P6.11 Southern Cities Trucking Company has the following 5-year record of earnings per share. Year EPS ($) 2009 1.40 2010 2.10 2011 1.00 2012 3.25 2013 0.80 Which of the following procedures would produce higher dividends to stockholders over this 5-year period? a. Paying out dividends at a fixed ratio of 40% of EPS b. Paying out dividends at a fixed rate of $1 per share
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