Sultry Palms and Passions Inc expects earnings of $54.8 million at the end of the...
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Sultry Palms and Passions Inc expects earnings of $54.8 million at the end of the current 2020 fiscal year. It expects to payout 57.0% in dividends and the rest reinvested in its new freshwater beaches project, which it expects to have a return on investment of 20.0% annually. The equity cost of capital is currently 12.5%. If the expected dividend payout in the 2021 fiscal year is 53.0%, what is the expected total dividend in that fiscal year
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