Miley Corporation had net income of 300,000 and paid dividends to ordinary shareholders of 40,000...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Miley Corporation had net income of 300,000 and paid dividends to ordinary shareholders of 40,000 in 2024 . The weightedaverage number of shares outstanding in 2024 was 60,000 shares. Miley Corporation's ordinary shares are selling for 35 per share on the New York Stock Exchange. Miley Corporation's payout ratio for 2024 is $4.33 per share. 7.5% 13% 12%
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
