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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.

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    Solution Summary

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