Back to Back Titles Incorporated has just announced a dividend of $1.40 per share. The...
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Finance
Back to Back Titles Incorporated has just announced a dividend of $1.40 per share. The firm has 1.00 million shares outstanding and just reported net income of $4.00 million for the current year. What is the dividend payout ratio for the firm based on this announcement? What is the firms contribution to retained earnings based on this announcement?(answer in terms of millions)
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