Buskins Corporation has issued 2 million shares.Its earnings were $10 million of which it retained $4 million.What was the dividend per share?

Name: Buskins Corporation has issued 2 million shares.Its earnings were $10 million of which it retained $4 million.What was the dividend per share?
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Question

Quizplus · Accepted Answer

Dividend per share = Retained earnings / Number of shares
Dividend per share = $4 million / 2 million shares
Dividend per share = $2
Thus, the correct answer is option B) $3.

Buskins Corporation Has Issued 2 Million Shares