Find the dividend payment per share each quarter

Reference no: EM1345225

Specialty Chemicals Company (SCC) pays out 50% of its net income as cash dividends to its share- holders once each quarter. The company plans to do so again this year, during which SCC earned $100 million in net pro?ts after tax. If the company has 40 million shares outstanding and pays dividends quarterly, what is the company's dollar dividend payment per share each quarter?

Reference no: EM1345225

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