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Business, 05.03.2020 20:17 kelonmazon2492

Leigh Fibers has 6 million shares outstanding. This year Leigh will have operating income (EBIT) of $36.4 million, interest expenses of $5.8 million, and depreciation expenses of $6.2 million. What will be Leigh’s dividend per share if the company has a payout ratio of 30%? Assume a marginal tax rate of 40%.

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Leigh Fibers has 6 million shares outstanding. This year Leigh will have operating income (EBIT) of...

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