Author Question: The Pawtucket Brewery uses the residual dividend model to set its dividends. Selected financial ... (Read 39 times)

Bernana · **on:** Apr 25, 2021

Question 1

The date on which shareholders are registered to receive an upcoming dividend is called the
◦ Ex-Dividend Day.
◦ Cum-Dividend Day.
◦ Day of Record.
◦ Payment Day.
◦ Dividend Announcement Day.

Question 2

The Pawtucket Brewery uses the residual dividend model to set its dividends. Selected financial information for Pawtucket is provided in the table below. What is Pawtucket's dividend per share?

Selected Financial Information

Pawtucket Brewery

Net income	$75 million
Investments	$110.25 million
Equity capital structure weight	0.75
Shares Outstanding	42.5 million

◦ -$0.18
◦ $0
◦ $0.18
◦ $0.25
◦ $0.36

ntsoane kedibone · **Reply #1 on:** Apr 25, 2021

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