If we consider payout ratio = 34% and we have NI=$2,776,698
34% = Dividend/2,776,698
Dividends = $944,077
Since total shares = 67,815
The dividend per share will be $14 ($944,077/67,815)
Please let me know if I'm correct.© BrainMass Inc. brainmass.com October 10, 2019, 6:17 am ad1c9bdddf
This solution explains how the calculate dividends per share using 34% as the payout.