Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The company had a 3 0 % dividend payout ratio in 2 0 1 5 . If Brooks wants to maintain this payout ratio in

The company had a 30% dividend payout ratio in 2015. If Brooks wants to maintain this payout ratio in 2016, what will be its per-share dividend in 2016? Round your answer to the nearest cent.
$ fill in the blank 2
If the company maintains this 30% payout ratio, what will be the current dividend yield on the company's stock? Round your answer to two decimal places.
___Brooks Sporting Inc. is prepared to report the following 2016 income statement (shown in thousands of dollars).
Prior to reporting this income statement, the company wants to determine its annual dividend. The company has 510000 shares of stock
outstanding, and its common stock trades at $56 per share. The data has been collected in the Microsoft Excel Online file below. Open the
spreadsheet and perform the required analysis to answer the questions below.%
The company reported net income of $2.05 million in 2015. Assume that the number of shares outstanding has remained constant. What was the company's per-share dividend in 2015? Round your answer to the nearest cent.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cash Flow Stock Investing

Authors: Randall Stewart

1st Edition

1980883300, 978-1980883302

More Books

Students also viewed these Finance questions