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Amount Of Dividends To Pay Out?

Ocean company has plans for calling for a capital budget of 60 million. optimal capital structure is 60% equity and 40% debt. EBIT = 98 million, the firm has 200 million in assets, pays an average of 10% on all its debt and has marginal tax rate of 35%, if it maintains a residual distribution policy(with all distributions in the form of dividends) and will keep its optimal capital structure in tact, what will be the amount of the dividends it pays out after financing its capital budget?

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2 Comments

  1. Onestep downfrom God
    Posted 2010/03/10 at 2:35 am | Permalink

    DAVID:
    Don’t encourage him.

  2. David H
    Posted 2010/03/10 at 6:54 am | Permalink

    The amount of a dividend depends on what the Board decide is reasonable. It is not a simple mathematical calculation.

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