Longneck Brewery Inc. has net income of $3.00 per share and a dividend payout ratio of 35%. How large is the firm's per share dividend payment?
A) $1.05
B) $1.95
C) $1.50
D) $0.35
A
Explanation: A) Div = EPS*DPO ratio = $3 * 0.35 = $1.05.
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