Jensen Inc. has total equity of $72 billion and 720 million shares outstanding. Its ROE is 14.43%. The dividend payout ratio is 11.3%. Calculate the company's dividends per share (round to the nearest penny). The company's dividends per share is $ (Round to the nearest cent.)

Jensen Inc. has total equity of $72 billion and 720 million shares outstanding. Its ROE is 14.43%. The dividend payout ratio is 11.3%. Calculate the company's dividends per share (round to the nearest penny). The company's dividends per share is $ (Round to the nearest cent.)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Jensen Inc. has total equity of $72 billion and 720 million shares outstanding. Its ROE is 14.43%. The dividend payout ratio is 11.3%. Calculate the company's
dividends per share (round to the nearest penny).
The company's dividends per share is $
(Round to the nearest cent.)

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