B&O Railroad Inc transports industrial products and supplies throughout the North Eastern United States. Selected financial information for B&O is provided in the table below. B&O is considering a stock dividend of 7.5%
What will the stock price be after the dividend (Assuming no other changes)?
B&O Railroad Inc
Selected Financial Information
Stock Price $68
EPS $6.00
Dividends per share $1.24
Payout Ratio 20.66%
Shares Outstanding 150M
A) $62.80
B) $63.00
C) $63.26
D) $70.66
E) $73.26
C
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