With 50 million shares outstanding and a stock price of 60


Dinocom Inc. earned $250 million last year and paid out 25% of earnings in dividends.

a. By how much did the company's retained earnings increase?

b. With 50 million shares outstanding and a stock price of $60, what was the dividend yield?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: With 50 million shares outstanding and a stock price of 60
Reference No:- TGS01259015

Now Priced at $12 (50% Discount)

Recommended (93%)

Rated (4.5/5)