dividend policy, Finance Basics

Charleston Industrial revised its dividend policy and decided that it wants to maintain a retained earnings account of $1 million. The company''s retained earnings account at the end of 2008 was $750,000, and its earnings available to common stockholders of $800,000 in 2009. What is Charleston Industrial''s dividend payout ratio for 2009?
Posted Date: 11/24/2012 3:17:39 PM | Location : United States

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