What is the current dividend per share

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Question - The net income for a company is currently $1,000,000 and is projected to grow annually for the next four years as follows: $1,200,000, $1,300,000, $1,500,000, and $1,700,000. Assuming the dividend payout ratio is 20% and there are 1,000,000 shares outstanding.

Required - What is the current dividend per share? Further assuming that the company does not change its stated dividend, what is the dividend payout ratio for the next four years?

Reference no: EM133107742

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