PT ABC in 2020 received a profit before tax of IDR 360 billion. In 2021, the company plans to replace a new machine with a price of Rp. 100 billion with a depreciation budget (capital expenditure) of Rp. 20 billion. Before submitting financial statements, companies want to determine the annual dividend amount. Currently, the company has 500,000 shares of common stock and 10% priority shares, @ Rp100,000, as many as 1,000 shares. The market price for common stock is Rp45,000 per share. 20% corporate tax.

Questions

1). Last year 2019 the company's dividend pay-out (DPO) ratio was 40%, if the company wants the same DPO, what is the dividend per share and dividend yield for 2021?

2). If last year the company earned a profit before tax of Rp. 300 billion and the company used 40% dividend pay-out (DPO). This year, the company wants to distribute the same dividend per share as last year. How much is the company's dividend pay-out (DPO) this year?

3). If the company uses the residual dividend policy for this year, how much is the dividend per share and the dividend pay-out (DPO)?