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    Dividends per Shares and Payout Ratio

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    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
    https://brainmass.com/business/accounting-for-corporations/dividends-shares-payout-ratio-537495

    Solution Summary

    This solution explains how the calculate dividends per share using 34% as the payout.

    $2.19