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Calculate the companys dividend paid per share

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Reference no: EM132317204

Question

Use the following financial data for Hi-Tech Instruments to answer short exercises 13-10 Dividends per share.

Calculate the company's dividend paid per share of common stock. What was the dividend payout?

Sales revenue: $210,000

Cost of goods sold: 125,000

Net Income: 8,300

Dividends: 2,600

Earnings per share: 4.15

2016 balance sheet

9% bonds payable $40,000

common stock, $25 par value (2,000,000 shares) 50,000

Retained earnings 37,000

Reference no: EM132317204

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