How much in dividends did firm pay to shareholders

Assignment Help Financial Management
Reference no: EM131303578

In its most recent financial statements, Del-Castillo Inc. reported $30 million of net income and $950 million of retained earnings. The previous retained earnings were $945 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000.

Reference no: EM131303578

Questions Cloud

Which the company will keep constant growth rate forever : Storico Co. just paid a dividend of $1.55 per share. The company will increase its dividend by 24 percent next year and will then reduce its dividend growth rate by 6 percentage points per year until it reaches the industry average of 6 percent divid..
Do you believe that the stock market is efficient : How does HFT affect the market?Is HFT illegal? Unethical?Do you believe that the stock market is efficient?How do you feel about investing in the stock market now?
What your trend is and what it means : What your trend is and what it means? Implications across various organizational contexts. Change strategies for organizing analytical resources to address the trend.
What industries in united states opposed the trade agreement : Write a brief essay on the U.S. political opposition to CAFTA-DR in 2004 and 2005. What industries in the United States opposed the trade agreement? Is it fair to compare the arguments of these industries to the arguments posed by the candle maker..
How much in dividends did firm pay to shareholders : In its most recent financial statements, Del-Castillo Inc. reported $30 million of net income and $950 million of retained earnings. The previous retained earnings were $945 million. How much in dividends did the firm pay to shareholders during the y..
What was its net cash flow : Kendall Corners Inc. recently reported net income of $3.1 million and depreciation of $527,000. What was its net cash flow? Assume it had no amortization expense. Enter your answer in dollars.
Create a package diagram of the problem domain layer : Create a package diagram of the problem domain layer using the communication diagrams and the CRUDE matrix through the use of graphical tools in Microsoft Word or Visio, or an open source alternative such as Dia.
Did you go to the movie alone or with someone : Who is telling the story? Why is it being told? Does it appear to have a purpose?How is it experienced? Who 'consumes' it, where and in what way?What film technologies? One-time story? Part of a sequence of films? Does it have an audience following ..
Equalized and riskless hedged investment is created : Madeline Manufacturing Inc.’s current stock price is $40 per share. Call options for this stock exist that permit the holder to purchase one share at an exercise price of $30. After the payoffs have been equalized and the riskless hedged investment i..

Reviews

Write a Review

Financial Management Questions & Answers

  Project earnings and dividends for the next year

Justin Cement Company has had the following pattern of earnings per share over the last five years: Year Earnings Per Share 2006 $ 11.00 2007 11.55 2008 12.13 2009 12.74 2010 13.38 The earnings per share have grown at a constant rate (on a rounded ba..

  Assume that returns from asset are normally distributed

Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 14.8 percent and the standard deviation of those returns in this period was 43.71 percent. What is the approximate pro..

  Constant growth valuation-what stock price is expected

Woidtke Manufacturing's stock currently sells for $24 a share. The stock just paid a dividend of $3.50 a share (i.e., D0 = $3.50), and the dividend is expected to grow forever at a constant rate of 10% a year. What stock price is expected 1 year from..

  The firm is evaluating new investment project

Organic Produce Corporation has 8.6 million shares of common stock outstanding, 610,000 shares of 7.1 percent preferred stock outstanding, and 186,000 of 8.3 percent semiannual bonds outstanding, par value $1,000 each. If the firm is evaluating a new..

  Capital budgeting and uncertainty

G. Cinquetti Corporation (GCC), uses a cost of capital of 10 percent to evaluate average-risk projects, and it adds or subtracts 3 percentage points to evaluate projects of more or less risk. The company uses coefficient of variation (CV) to measure ..

  What is the smallest expected loss for your portfolio

Tyler Trucks stock has an annual return mean and standard deviation of 11.5 percent and 45 percent, respectively. Michael Moped Manufacturing stock has an annual return mean and standard deviation of 11.8 percent and 45 percent, respectively. What is..

  Simple interest on its investment accounts

First Simple Bank pays 8 percent simple interest on its investment accounts. If First Complex Bank pays interest on its accounts compounded annually, what rate should the bank set if it wants to match First Simple Bank over an investment horizon of 8..

  Examples of possible distortion in reported income

All of the following are common examples of possible distortion in reported income except

  Performance goals-focuses on the issue of performance

This case focuses on the issue of performance. As discussed in the text, clear and effective goals help improve employee performance, reduce role stress conflict and ambiguity, and improve the evaluation of employees’ performance. Nordstrom creates a..

  Considering new three-year expansion project

Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.64 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be w..

  What is the expected market value of the bonds in two years

Hurricane Corp. recently purchased corporate bonds in the secondary market with a par value of $11 million, a coupon rate of 12 percent (with annual coupon payments), and four years until maturity. what is the expected market value of the bonds in tw..

  Chance to purchase one of two professional rugby clubs

Professor Moneybags has a chance to purchase one of two professional rugby clubs, the Seattle Serpents or the Trenton Triceratops. At the beginning of last year, the Serpents were purchased for $80 million, provided $8 million in yearly profits, and ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd