Determine the dividend per share that alto

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Question: Fender automative inc. follows a residual distribution policy and therefore wants to maintain its current debt to equity ratio. its earnings after-tax of $2.105 million and 2.5 million shares outstanding with a market price of $ 16 per share. fender automative has $ 22.5 million shares outstanding. Also has identified $2.0 million in capital projects for the current year.

Required:

Determine the dividend per share that Alto will be able to pay out this year.

Reference no: EM133326690

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