Last year Target had a net income of 3360 million 5748 milli

Last year Target had a net income of $3,360 million, 574.8 million shares outstanding, and paid out a total of $767 million in dividends. What was Target’s dividends per share?

Select one: a. $767.00 b. $1.33 c. $5.85 d. $574.8

Solution

dividends per share=Total dividends/Total shares outstanding

=(767/574.8)

which is equal to

=$1.33(Approx).