Question CWA company has 1 million ordinary shareholders. This year they have stated their objective will be to increase

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Question Cwa Company Has 1 Million Ordinary Shareholders This Year They Have Stated Their Objective Will Be To Increase 1 (53.79 KiB) Viewed 31 times

Question CWA company has 1 million ordinary shareholders. This year they have stated their objective will be to increase dividend per share by 5% in comparison to prior year when dividend per share was C$2.00. Last year's profit available for ordinary shareholders was C$5,000,0$0. Assuming that CWA maintains a constant dividend pay-out ratio, calculate the value of profit which will need to be available this year in order to meet the objective. Give your answer to nearest whole C$,000