West Coast Utilities had a net profit of $933 million. It has 911million shares outstanding and...
West Coast Utilities had a net profit of $933 million. It has 911million shares outstanding and paid annual dividends of$ 0.58 per share. What is the dividend payout ratio?
The dividend payout ratio is % (Round to two decimal places.)
Homework Answers
dividend payout ratio = dividend per share / earning per share
dividend per share = 0.58
earning per share = net profit / shares outstanding = 933 m / 911 m = 1.02415
dividend payout ratio = 0.58 / 1.02415 = 56.63%
Hence the answer is 56.63%
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