Nova Corp. estimates that the earnings next year will be $50 million. There are 20 million outstanding shares, and the company maintains a debt-to-equity ratio of 1.5.
The company follows a residual dividend policy and plans to spend $70 million on capital expenditure.
What will the dividend per share be next year?
How much borrowing will take place if the company wants to maintain its capital structure?

Question

06-08-2024
Business

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Nova Corp. estimates that the earnings next year will be $50 million. There are 20 million outstanding shares, and the company maintains a debt-to-equity ratio of 1.5.
The company follows a residual dividend policy and plans to spend $70 million on capital expenditure.
What will the dividend per share be next year?
How much borrowing will take place if the company wants to maintain its capital structure?

Sagot :

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