Last year, Headline News Corporation paid $600,000 in dividends and retained $200,000 of the earnings it generated. The company follows a constant payout ratio dividend policy. If Headline generates $1.17 million in income this year, how much will be paid in dividends? Round your answer to the nearest dollar. $

Last year, Headline News Corporation paid $600,000 in dividends and retained $200,000 of the earnings it generated. The company follows a constant payout ratio dividend policy. If Headline generates $1.17 million in income this year, how much will be paid in dividends? Round your answer to the nearest dollar. $

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 13P

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