the corporation issues dividends or repurchases stock. The remainder of the stockholder ratios—dividend yield‚ dividend payout‚ stock repurchase payout‚ and total payout—address this distribution of value. • Earnings per Share (EPS) Earnings per share ratio‚ or EPS‚ measure the income available for common stockholders on a per-share basis. EPS is one item that is examined by nearly all statement users. Conceptually‚ it is very simple: net income less preferred dividends divided by the average
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Ratio Analysis: Liquidity(Times): | 2008 | 2007 | 2006 | Current Ratio | 4.11 | 3.65 | 2.95 | Quick Ratio | 3.92 | 3.44 | 2.73 | NWC to Asset Ratio | 0.17 | 0.15 | 0.13 | Cash Ratio | 3.23 | 2.70 | 2.03 | NWC to Sales Ratio | 1.71 | 1.43 | 1.04 | NWC($) | 9215702577.00 | 7220848206.00 | 5205523576.00 | Average Daily Cash Expenses | 7537175.82 | 7160555.21 | 6768509.99 | Interval Measure(in days) | 1270.94 | 1029.86 | 798.11 | Interpretation: * According to current ratio
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the dividend is called the ________ date. A) declaration B) record C) ex-dividend D) distribution Answer: A 4) The firm will pay the dividend to all shareholders of record on a specific date‚ set by the board‚ called the ________ date. A) declaration B) record C) ex-dividend D) distribution Answer: B 5) The date two business days prior to the date on which all shareholders of record receive a payment is called the ________ date. A) declaration B) record C) ex-dividend D)
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Question E Assume that Bon Temps is a constant growth company whose last dividend (Dₒ‚ which was paid yesterday) was $2.00 and whose dividend is expected to grow indefinitely at a 6% rate. (i) What is the firm’s expected dividend stream over the next 3 years? Temp Force is a constant growth stock. Its dividend is estimated to increase at a constant rate of 6 percent per year. 0 1 2 3
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Journal of Economic and Administrative Sciences Emerald Article: Determinants of Dividend Policy: The Case of Kuwait Talla M. Al-Deehani Article information: To cite this document: Talla M. Al-Deehani‚ (2003)‚"Determinants of Dividend Policy: The Case of Kuwait"‚ Journal of Economic and Administrative Sciences‚ Vol. 19 Iss: 2 pp. 59 - 76 Permanent link to this document: http://dx.doi.org/10.1108/10264116200300006 Downloaded on: 22-01-2013 To copy this document: permissions@emeraldinsight
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cash Sale of Assets and discontinued operations‚ Proceeds from long term debt‚ Major uses of cash CFO > NI? Major reasons for difference between CFO and NI Is CFO > Capex? Is CFO > Capex + Dividends? If CFO < Capex + Dividends‚ how did the company finance Capex + Dividends? Trend in Net Income Trend in CFO Trend in Capex Trend in major working capital accounts Overall assessment of the financial strength of the company CFO = Cash flow from operating activities;
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Part A 1. The dividend policy Ordinary dividends are defined as cash from the company ’s profit distribution to shareholders (Garvey‚ G. T. and Swan‚ P. L. 1994). In other words‚ the dividend is the share of company profits for investors‚ to give for the investors a share of capital. Companies are able to distribute free cash flow by paying a dividend and trusts are able to distribute free cash flow by paying a distribution. Dividend policy refers to the decision by companies to pay out
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International Research Journal of Finance and Economics ISSN 1450-2887 Issue 20 (2008) © EuroJournals Publishing‚ Inc. 2008 http://www.eurojournals.com/finance.htm The Impact of Dividend Policy on Shareholders’ Wealth R. Azhagaiah Faculty Member‚ Department of Commerce Kanchi Mamunivar Centre for Post Graduate Studies (Autonomous) (Govt. of Puducherry) Affiliated to Pondicherry Central University Puducherry – 605 008‚ South India E-mail: drrazhagaia@ yahoo.co.in Tel: ++91-0413 – 2255017; Fax:
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Problem Based on Chapter 14‚ Residual Dividends 1. If Middlesex increases its cash dividends in 2012 at the same rate of growth as its Net Income rate‚ what will be the total 2012 dividend payout in Dollars? 3‚000‚000 x (1 + .08) 3‚000‚000 x 1.08 = $3‚240‚000 2. What is the 2012 dividend payout ratio if the company increases its dividends at 8%? Net income increased by 8% would be 15‚000‚000 x (1 + .08) = 15‚000‚000 x 1.08 = 16‚200‚000 Dividend Payout = 3‚240‚000 / 16‚200‚000 = .2
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FIN-516 WEEK 1 – HOMEWORK ASSIGNMENT Problem Based on Chapter 14‚ Residual Dividends Middlesex Plastics Manufacturing had 2011 Net Income of $15.0 Million. Its 2012 Net Income is forecast to increase by 8%. The company’s capital structure has been 35% Debt and 65% Equity since 2010‚ and the company plans to maintain this capital structure in 2012. The company paid $3.0 Million cash dividends in 2011. The company is planning to invest in a major capital project in 2012. The capital budget
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