What is jay-marts dividend payout ratio

Reference no: EM13292996

Bay-Mart Corporation is a retail discount firm with 50 million common shares outstanding. Jay-Mart has announced an annual dividend of $2 per share. The firm also plans to repurchase $60 million of its outstanding common stock. The firm earned $400 million in net income. Bay-Mart expects to have a net capital expenditure of $300 million and an increase in non-cash working capital of $30 million. The firm has a debt-to-capital ratio of 40%.

What is Jay-Mart's dividend payout ratio?

Reference no: EM13292996

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