Fauver Enterprises declared a 3-for-1 stock split last year, and this yearits dividend is $1.50 per share. This total dividend payout represents a6% increase over last year’s pre-split total dividend payout. What was lastyear’s dividend per share?
Fauver Enterprises declared a 3-for-1 stock split last year, and this yearits dividend is $1.50 per share. This total dividend payout represents a6% increase over last year’s pre-split total dividend payout. 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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Fauver Enterprises declared a 3-for-1 stock split last year, and this year
its dividend is $1.50 per share. This total dividend payout represents a
6% increase over last year’s pre-split total dividend payout. What was last
year’s dividend per share?
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