Question
In: Finance
The common stock of KRJ Enterprises is currently selling for $61.89 per share. Last year the...
The common stock of KRJ Enterprises is currently selling for $61.89 per share. Last year the company reported total earnings of $357 million and there were 134 million shares of common stock outstanding. The company also paid out dividends of $167 million. How much was the dividends per share? Present your answer rounded to two decimal places. e.g. $20.00.
Solutions
Expert Solution
Dividend per share = Total dividends paid / shares outstanding
Dividend per share = $167,000,000 / 134,000,000
Dividend per share = $1.25
jeff jeffy answered 2 years agoRelated Solutions
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