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8 August, 03:57

From the income statement, the corporation had a net income of $724 million for the year. Total dividends were $106 million. There were 400 million shares outstanding. How much is the dividends per share

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  1. 8 August, 06:54
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    Dividend per year = $0.265 per share

    Explanation:

    Calculation of the dividend per year

    Using this formula

    Dividends per share=Total dividends/Total shares outstanding

    Let plug in the formula

    Dividend per share=$106/400

    Dividend per share = $0.265 per share

    Therefore the amount of dividend per share will be $0.265
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