CONTEMP.FINANCIAL MGMT. (LL)-W/MINDTAP
14th Edition
ISBN: 9780357292877
Author: MOYER
Publisher: CENGAGE L
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Chapter 15, Problem 2P
a.
Summary Introduction
To determine: Date of Ex- Dividend
b.
Summary Introduction
To determine: The stock price to open at on the ex-dividend date.
c.
Summary Introduction
To determine: The way dividend payments affects on cash,
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Rogers has just completed their financial statements for the year ended 30 June 20X6. They are reporting a net profit of $1,250,000 for the current year, and they have $1 million 50 cent shares in issue. The current market price of Rogers' shares is $3.50. Rogers has paid total dividends during the year ended 30 June 20X6 of $1,500,000.
What is the dividend yield (to one decimal place) for the year ended 30 June 20X6?
Black Paua Inc. announced on May 1 that it will pay a dividend of $5 per share on June 15 to all holders on record as of May 31st. The firm's stock price closed today at $50 a share. Assume all
investors are in the 28 percent tax bracket. If tomorrow is the ex-dividend date, what would you expect the opening price to be tomorrow morning assuming all else is held constant?
$42.80
$45
$46.40
$44.96
What impact does Target's dividendend annoucement have on it's balance sheet?
Target Corporation (NYSE:TGT) recently made a dividend annoucement.The announcement read:The board of directors of Target Coporation has declared a quarterly of 90 cents per common share. The dividend is payable December 10, 2021 to shareholders of record at the close of bussiness November 17, 2021. The 4th quater dividend will be the company's 217th consecutive dividend paid since October 1967 when the company became publicly held.
Questions:
1. On which date will Target record a liability for the dividend?
2.On which date will Target pay the cash dividend?
3.On the date of declaration,what will the impact (increase,decrease,noeffect) on Target's:a)assets: b)liabilities; and c)stockholders' equity?
4. On the date of payement, what will be the impact (incease,decrease,no effect)on Target's:a)assets:b)liabilities: and c0 stockholdes" equity?
Chapter 15 Solutions
CONTEMP.FINANCIAL MGMT. (LL)-W/MINDTAP
Ch. 15 - Prob. 1QTDCh. 15 - Prob. 2QTDCh. 15 - Prob. 3QTDCh. 15 - Prob. 4QTDCh. 15 - Prob. 5QTDCh. 15 - Prob. 6QTDCh. 15 - Prob. 7QTDCh. 15 - Prob. 8QTDCh. 15 - Prob. 9QTDCh. 15 - Prob. 10QTD
Ch. 15 - Prob. 11QTDCh. 15 - Prob. 12QTDCh. 15 - Prob. 13QTDCh. 15 - Prob. 14QTDCh. 15 - Prob. 15QTDCh. 15 - Prob. 16QTDCh. 15 - Prob. 17QTDCh. 15 - Prob. 18QTDCh. 15 - Prob. 1PCh. 15 - Prob. 2PCh. 15 - Prob. 3PCh. 15 - Prob. 4PCh. 15 - Prob. 5PCh. 15 - Prob. 6PCh. 15 - Prob. 7PCh. 15 - Prob. 8PCh. 15 - Prob. 9PCh. 15 - Prob. 10PCh. 15 - Prob. 11PCh. 15 - Prob. 12PCh. 15 - Prob. 13PCh. 15 - Prob. 14PCh. 15 - Prob. 15P
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Dividend explained; Author: The Finance Storyteller;https://www.youtube.com/watch?v=Wy7R-Gqfb6c;License: Standard Youtube License