Billingsley United declared a $0.20 a share dividend on Thursday, October 16. The dividend will be paid on Monday, November 10 to shareholders of record on Friday, October 31. What is the ex-dividend date?
a) Billingsley United declared a $0.20 a share dividend on Thursday,
October 16. The dividend will be paid on Monday, November 10 to
shareholders of record on Friday, October 31. What is the ex-dividend
date?
b) You own 2,200 shares of Deltona Hardware. The company has stated that
it plans on issuing a dividend of $0.42 a share at the end of this
year and then issuing a final liquidating dividend of $2.90 a share
at the end of next year. Your required
is 16 percent. Ignoring taxes, what is the value of one share of this
stock to you today?
c) Tucker’s National Distributing has a current market value of equity
of $10,665. Currently, the firm has excess cash of $640, total assets
of $22,400, net income of $3,210, and 500 shares of stock outstanding.
Tucker’s is going to use all of its excess cash to repurchase shares
of stock. What will the stock price per share be after the stock
repurchase is completed?
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