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The stockholders equity section of Price Corporations balance sheet follows together with a portion of its statement of cash flows: Shareholders' Equity ($ millions) 2024

The stockholders equity section of Price Corporations balance sheet follows together with a portion of its statement of cash flows:

Shareholders' Equity ($ millions) 2024 2023
Common stock, $0.20 par value: Authorized, 1.0 billion shares; Issued and outstanding, 565,400,000 and 558,300,000 shares, respectively $ 113 $ 112
Additional paid-in capital 820 560
Retained earnings 10,100 8,500
Accumulated other comprehensive income (loss) 100 (300)
Shareholders' equity 11,133 8,872
Noncontrolling interests 1,400 1,050
Total shareholders' equity $ 12,533 $ 9,922

Financing Activities ($ millions) 2024 2023
Issuance of common stock $ 261 $ 190
Dividends paid (500) (450)
Repayments of debt (11,400) (9,500)
Proceeds from issuance of debt 12,200 10,200
Acquisition of noncontrolling interests (350) (160)
Total cash provided by financing activities $ 211 $ 280

  1. Calculate the net income of Price Corporation for 2024 (assume dividends declared equal dividends paid).

3. Calculate the average dollar per share received for common stock issued during 2024.

4. What is the dividend per share paid in 2024?

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