What was last years dividend per share

Assignment Help Financial Management
Reference no: EM131551527

Quantitative Problem: After a 4-for-1 stock split, Perry Enterprises paid a dividend of $1.50 per new share, which represents a 4% increase over last year's pre-split dividend. What was last year's dividend per share? Round your answer to the nearest cent.

Reference no: EM131551527

Questions Cloud

How many rights are associated with one of the new shares : What is the new market value of the company? How many rights are associated with one of the new shares?
Growth rate is expected to continue into foreseeable future : A new common stock issue that paid a $1.80 dividend last year. The growth rate is expected to continue into the foreseeable future.
What is the loan amount in dollars and deposit amount in yen : Bank A has purchased a 2.5 million one-year Euro loan that pays 10% interest annually. What is the loan amount in dollars? What is the deposit amount in yen?
Calculate value of a four-month european call option : Calculate the value of a four-month European call option on the stock with an exercise price of $42,
What was last years dividend per share : which represents a 4% increase over last year's pre-split dividend. What was last year's dividend per share?
Calculate the initial investment associated with proposed : Calculate the initial investment associated with the proposed purchase of a new agrading machine in dollars.
Market value that is held in common stock-preferred stock : Based on market values of debt and equity, calculate the percentage of DEI’s market value that is held in common stock, preferred stock, and debt.
Computer-based order entry system : Your firm is contemplating the purchase of a new $669,931 computer-based order entry system.
What makes stock investment different from gambling : Stock investment is sometimes considered gambling. As a Christian University, what makes stock investment different from gambling.

Reviews

Write a Review

Financial Management Questions & Answers

  What is the profit margin for the smart car

Honda is considering bringing its new Honda NBox it makes for the Japanese market to the United States. Its closest competitor would be Daimler’s Smart car, which made a profit of $108.3 million on sales of $10.7 billion in the United States last yea..

  Operates several specialty vehicles that provide hot food

The Monster Truck operates several specialty vehicles that provide hot food and beverages for firms that have workers employed in outlying regions. The company has annual sales of $350,500. Cost of goods sold average 48 percent of sales and the profi..

  Anticipates the dividiend annual compound growth rate

Joe investor has noted that the current price of MG Company is 61.50 and that its current P/E ratio is 15 and its current payout ratio for dividends is 40%. Based on his analysis of the next three years, Joe anticipates the dividiend annual compound ..

  Calculate the semi-annual coupon payment

Lintron Inc issued corporate bonds to finance the purchase of a new plasma die cutting machine. The bonds are currently selling for $1035.50 and have 8 years remaining until maturity. The market interest rate is 5.4% annually. Calculate the semi-annu..

  Uses payback period criteria of not accepting any project

AMP, Inc., has invested $2,165,800 on equipment. The firm uses payback period criteria of not accepting any project that takes more than four years to recover costs. The company anticipates cash flows of $454,386, $512,178, $564,255, $764,997, $816,5..

  Expects sales-what is the expected net income for year

ABC expects sales of $20,179,000 this year. what is the expected net income for ABC this year?

  When using control chart-process is out of control

When using a control chart, what are some patterns that would indicate that the process is out of control? Additionally explain what might cause a process to be out of control. In your responses to other students, relate and identify to an example of..

  New level of receivables investment

When converting annual data to daily data or vice versa in these problems, assume there are 365 days per year. Suppose that, as the result of a recession, annual credit sales decline by 10 percent to $18 million, and customers delay their payments to..

  Someone has just offered you the investment of lifetime

Someone has just offered you the investment of a lifetime.

  What is trade deficit

The growing strength of India’s BoP observed in the post reform period since the crisis of 1991 continued in 2005-2006. This growing strength was inspite of a widening current account deficit to the tune of US dollar 9.2 million that is equivalent to..

  Describe benefits of holding the raw materials inventories

Describe the benefits of holding the Raw materials inventories, Work-in-process inventories and Finished goods inventories

  About the retirement account

Starting today, George is going to contribute $300 on the first of each month to his retirement account. His employer will contribute an additional 50% of the amount George contributes. If both George and his employer continue to do this and he can e..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd