What are the annual dividends per share

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Cafe de Oro earns $4.25 per share and has a dividend payout ratio of 0.40. If Cafe de Oro has a capital budget of $200,000 and 70,000 shares outstanding, what are the annual dividends per share?

A. $1.70
B. $1.39
C. $2.55
D. $4

 

Reference no: EM13260730

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