Last year, Ganede Inc. had earnings of $1.90 per share and paid a regular dividend...
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Finance
Last year, Ganede Inc. had earnings of $1.90 per share and paid a regular dividend of $0.30. For the current year, the company anticipates earnings of $2.70. It has a 20% target payout ratio and uses a three-year period to adjust the dividend. The expected payout ratio for the current year is closest to:
14%.
20%.
13%.
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