A public listed company has recently declared a dividend of $0.20 per share and maintains a constant dividend payout ratio of 40%. The market value of each share is $4.60 cum div and the nominal value of each share is $4.00.
The company pays 20% tax on its profits.
What is the price earnings ratio (ex div) of the company?
A. 8.0 times
B. 8.8 times
C. 9.2 times
D. 11.0 times
A public listed company has recently declared a dividend of $0.20 per share and maintains a constant dividend payout rat
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A public listed company has recently declared a dividend of $0.20 per share and maintains a constant dividend payout rat
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