Longneck Brewery Inc.has net income of $3.00 per share and a dividend payout ratio of 35%.How large is the firm's per share dividend payment?
A)$1.05
B)$1.95
C)$1.50
D)$0.35

Name: Longneck Brewery Inc.has net income of $3.00 per share and a dividend payout ratio of 35%.How large is the firm's per share dividend payment? A)$1.05 B)$1.95 C)$1.50 D)$0.35
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Question

Quizplus · Accepted Answer

The firm's per share dividend payment is calculated as the net income per share multiplied by the dividend payout ratio. Therefore, $3.00 * 35% = $1.05.