Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. dungeoness corporation has excess cash of $2,600 t

Dungeoness Corporation has excess cash of $2,600 that it would like to distribute to shareholders...

70.2K

Verified Solution

Question

Finance

image
Dungeoness Corporation has excess cash of $2,600 that it would like to distribute to shareholders as an extra dividend. Current earnings are $1.20 per share, and the stock currently sells for $30 per share. There are 190 shares outstanding. Ignore taxes and other imperfections. If Dungeoness Corp pays a cash dividend, what will be the dividend per share? After the dividend is paid, what will the price per share be? What are earnings por share (EPS) and the price earnings (P/E) ratio? Enter your answers founded to 2 DECIMAL PLACES. Dividend per share Number Price per share - Number Earnings per share (EPS) = Number Price earnings (P/E) ration Number

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students