Question

What is the Dividends per share? 2016 (Thousands of Dollars, except Eaning per Share) Sales Revenue...

What is the Dividends per share?

2016 (Thousands of Dollars, except Eaning per Share)
Sales Revenue    210,000.00
cost of goods sold    125,000.00
Net inocme        8,300.00
Dividends        2,600.00
Earning pear share                 4.15
Hi-Tech Instruments Inc
Balance Sheets
Thoursands of Dollars 31-Dec-16 31-Dec-15
Assets
Cash            18,300            18,000
Accoutns receivable (net)            46,000            41,000
Inventory            39,500            43,700
Total Current Assets          103,800          102,700
Plant Assets (net)            52,600            50,500
Other assets            15,600            13,800
Total Assets          172,000          167,000
Liabilities and Stockholders' Equity
Notes payable - banks              6,000              6,000
Accounts Payable            22,500            18,700
Accrued Liabilities            16,500            21,000
Total Current Liabilities            45,000            45,700
9% Bonds Payable            40,000            40,000
Total Liabilities            85,000            85,700
Common Stock $25 par value (2,000,000 share)            50,000            50,000
Retained earnings            37,000            31,300
Total Stockholders's Equity            87,000            81,300
Total Liabilities and Stockholders' Equity          172,000          167,000

Homework Answers

Answer #1

Dividend per share

(A)

Number of shares

            2000

(B)

Dividends

$ 2,600.00

(B/A)

Dividend per share

$ 1.30

Number of shares is calculated as follows

(A)

Common stock value

$ 50,000.00

(B)

Par Value of Share

$ 25.00

(A/B)

Total shares Issued and Outstanding

2000

In the Given question Dividend amount id given and after calculating number of shares outstanding dividend per share is calculated.

Dividend per share is Dividend distributed divided by Number of shares Outstanding.

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