What was delta payout ratio for fiscal year

Reference no: EM131966089

Question: Delta Corporation earned $3.50 per share during fiscal year 2009 and paid dividends of $0.70 per share. During the fiscal year that just ended on December 31, 2010, Delta earned $4.50 per share, and the firm's managers expect to earn this amount per share during fiscal years 2011 and 2012 as well.

What was Delta's payout ratio for fiscal year 2009? %

If Delta's managers wish to hold constant the dividend payout ratio, then what dividend per share will they declare for fiscal year 2011? $ per share

Reference no: EM131966089

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