Buskin's Corporation has issued 2 million shares of stock. Its earnings were $10 million, of which it retained $6 million. What was the dividend per share?

Name: Buskin's Corporation has issued 2 million shares of stock. Its earnings were $10 million, of which it retained $6 million. What was the dividend per share?
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Question

Quizplus · Accepted Answer

The total dividends paid out is $10 million - $6 million = $4 million. With 2 million shares, the dividend per share is $4 million / 2 million shares = $2 per share.

Buskin's Corporation Has Issued 2 Million Shares of Stock