Angel Company would like to undertake a policy of paying out 45% of its income. Its latest net income was P1,250,000, and it had 225,000 shares outstanding. What dividend per share should Angel declare? * O P2.50 P2.14 O P2.38 P2.26 P2.63

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter15: Dividend Policy
Section: Chapter Questions
Problem 11P
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Angel Company would like to
undertake a policy of paying
out 45% of its income. Its
latest net income was
P1,250,000, and it had
225,000 shares outstanding.
What dividend per share
should Angel declare? *
P2.50
P2.14
P2.38
O P2.26
O P2.63
Transcribed Image Text:Angel Company would like to undertake a policy of paying out 45% of its income. Its latest net income was P1,250,000, and it had 225,000 shares outstanding. What dividend per share should Angel declare? * P2.50 P2.14 P2.38 O P2.26 O P2.63
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