What is the dividend payment per share


Problem

The Santra Solution, Inc., a residential window and door manufacturer, has the following historical record of earnings per share (EPS) from 2012 to 2020:


2020

2019

2018

2017

2016

2015

2014

2013

2012

EPS

$1.28

$1.22

$1.18

$1.13

$1.10

$1.05

$1.00

$0.95

$0.90

The company's payout ratio has been 57%. If dividends are expected to grow at the same arithmetic average growth rate of the last nine years, what is the dividend payment per share in 2021?

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: What is the dividend payment per share
Reference No:- TGS03258981

Expected delivery within 24 Hours