Carl Icahn Pushes Dell To Offer $9 Special Dividend March 7‚ 2013 By Michelle Jones Activist investor Carl Icahn is not only stepping into the debate over Dell Inc. (DELL)’s leveraged buyout. He’s also pushing for a $9 per share special dividend and offering loans to help the company with a leveraged recapitalization. He also wants Dell to add a vote to its annual shareholder meeting‚ allowing them to choose between his proposal and the go-private deal being offered by founder Michael Dell. If
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The Clorox Company (CLX) Is Set to Make a Single-digit Dividend Increase The Clorox Company (NYSE:CLX) is a dividend aristocrat and was always considered as a safe play for the retirement portfolio. CLX has increased dividend each year since 1977. Last year‚ the company increased quarterly dividend by more than 3%‚ while it appears in a strong position to make a larger dividend growth this year. Its dividend yield is currently standing around 2.37%‚ compared to the industry average of 2%. Its cash
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AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF VIRTUAL ZONE‚ INC. The undersigned‚ being the Executive Vice President‚ Law and Administration‚ and General Counsel and the Secretary of NEW PLAYBOY‚ INC. (the "Corporation")‚ a corporation organized and existing under the laws of the State of Delaware‚ do hereby certify as follows:
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their return from capital gains as well as dividends. But the future stock price always depends on subsequent dividends. There is no inconsistency. 3. P0 = (5 + 110)/1.08 = $106.48 4. r = 5/40 = .125. 5. P0 = 10/(.08 - .05) = $333.33. 6. By year 5‚ earnings will grow to $18.23 per share. Forecasted price per share at year 4 is 18.23/.08 = $227.91. 7. 15/.08 + PVGO = 333.33; therefore PVGO = $145.83. 8. Z’s forecasted dividends and prices grow as follows: Calculate
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#2 ASSIGNMENT Name Juliet Shomaker______ 1. (10%) According to constant growth dividend discount model‚ we compute the intrinsic value of stock at time 0 (today’s computed stock price)‚ P0=D1/(k-g)‚ where D1 is the expected dividend next year‚ and k is the required return or discount rate. Assuming the required return is 20% per year. a. If we assume dividend will grow at a constant rate of 8% infinitely. The stock price is $35 per share. If we assume the stock is
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GAUTENG DEPARTMENT OF EDUCATION SENIOR SECONDARY INTERVENTION PROGRAMME ACCOUNTING GRADE 12 SESSION 1 (LEARNER NOTES) TOPIC 1: COMPANIES LEDGER ACCOUNTS SECTION A: TYPICAL EXAM QUESTIONS HINTS REMEMBER THE NEW LEDGER ACCOUNTS Income tax only comes about as an adjustment at the end of the year All provisional payments to SARS affect the bank account 50 marks 30 minutes QUESTION 1 COMPANY LEDGER ACCOUNTS You are provided with information relating to Parboo Ltd for the year ended 29
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Harrison is achieved by this acquisition and so Puckett applies the equity method. Harrison distributed a dividend of $2 per share during the year and reported net income of $613‚000. What is the balance in the Investment in Harrison account found in Puckett’s financial records as of December 31? $2‚709‚200. Acquisition price $ 2‚640‚000 Equity income ($613‚000 × 40%) 245‚200 Dividends (88‚000 shares × $2) (176‚000 ) Investment in Harrison Corporation as of December 31 $ 2‚709
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“Financial Management is the operational activity of a business that is responsible for obtaining and effectively utilizing the funds necessary for efficient operations”. – Joseph & Massie Scope/Elements Investment decisions Financial decisions Dividend decision OBJECTIVES OF FINANCIAL MANAGEMENT The financial management is generally concerned with procurement‚ allocation and control of financial resources of a concern. The objectives can be- To ensure regular and adequate supply of funds to
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preferred stocks and common stock when it comes to their dividends and liquidation. A preferred stockholder would receive their dividends sooner than common stockholders. This makes it so that if a preferred stockholder were to decide to opt out of paying their dividends than the common stock will not have a dividend. “The best way to think of preferred stock is as a financial instrument that has characteristics of both debt (fixed dividends) and equity (potential appreciation).” (http://www.investopedia
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Fin 3010 Dr. Michello Summer 2007 Practice Problems Expected dividend yield Answer: a EASY i. If D1 = $2.00‚ g (which is constant) = 6%‚ and P0 = $40‚ what is the stock’s expected dividend yield for the coming year? a. 5.0% b. 6.0% c. 7.0% d. 8.0% e. 9.0% Expected return‚ dividend yield‚ and capital gains yield Answer: e EASY ii. If D1 = $2.00‚ g (which is constant) = 6%‚ and P0 = $40‚ what is the stock’s expected capital gains yield for the coming year? a. 5.2% b. 5.4%
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