specialty chemicals company scc pays out 50 of, Finance Basics

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specialty chemicals company scc pays out 50 of

Specialty Chemicals Company (SCC) pays out 50% of its net income as cash dividends to its share- holders once each quarter. The company plans to do so again this year, during which SCC earned $100 million in net pro?ts after tax. If the company has 40 million shares outstanding and pays dividends quarterly, what is the company's dollar dividend payment per share each quarter?

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