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There are 300 million shares authorized. To date, 135 million have been issued; 12 million are held as treasury stock. The company's profit was $425
There are 300 million shares authorized. To date, 135 million have been issued; 12 million are held as treasury stock. The company's profit was $425 million and dividends were $ .75 per share. a) How many shares are outstanding? Explain your answer. b) How much was paid in dividends? Show your work. c) What is the dividend payout ratio? Show your work and express the result in % with 2 decimal places. d) How much of the profit was reinvested in the company? Explain your answer.
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