Solution:
Calculation of Total Dividends Paid:
The dividend payout ratio indicates the portion of net income that the company pays out as dividends to shareholders. Given a 40% dividend payout ratio and a net income of Rs. 1,20,000, we can calculate the total dividends paid by the company.
Total Dividends
=
Net Income
×
Dividend Payout Ratio
Total Dividends=Net Income×Dividend Payout Ratio
Total Dividends
=
1
,
20
,
000
×
0.40
Total Dividends=1,20,000×0.40
Dividend Per Share:
The total dividends paid will be divided among the outstanding shares to determine the dividend per share.
Dividend Per Share
=
Total Dividends
Number of Outstanding Shares
Dividend Per Share=Number of Outstanding SharesTotal Dividends
Dividend Per Share
=
Total Dividends
1
,
00
,
000
Dividend Per Share=1,00,000Total Dividends
Let's calculate these values.
The company pays out a total of Rs. 48,000 in dividends. The dividend per share is Rs. 0.48.