What is jimmy pesto dividend payout ratio

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Problme 1: If Jimmy Pesto has 5 million shares outstanding, operating income (EBIT) of $33.88 million, and interest expenses of $2.4 million, what is Jimmy Pesto's dividend payout ratio, given that the dividend per share is $2.64? Assume a marginal tax rate of 28%.

Reference no: EM132750436

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