After a 5-for-l stock split, Tyler Company paid a dividend of $1.15 per newshare, which represents a 7% increase over last year’s pre-split dividend. What was lastyear’s dividend per share?
After a 5-for-l stock split, Tyler Company paid a dividend of $1.15 per newshare, which represents a 7% increase over last year’s pre-split dividend. What was lastyear’s dividend per share?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter15: Distributions To Shareholders: Dividends And Repurchases
Section: Chapter Questions
Problem 8P: Stock Split Fauver Enterprises declared a 3-for-1 stock split last year, and this year its dividend...
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After a 5-for-l stock split, Tyler Company paid a dividend of $1.15 per new
share, which represents a 7% increase over last year’s pre-split dividend. What was last
year’s dividend per share?
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