Calciya, Co

question 57

Multiple Choice

Calciya, Co. has a policy of returning a minimum of 40 percent of earnings to shareholders every year through dividend issues and open-market stock repurchases. In each quarter this year, the company earned $0.20 per share. In each of the first three quarters, the company paid a regular cash dividend of $0.05 per share. The company has 8 million shares of common stock outstanding. What combination of dividends and stock repurchases could the company's board approve to meet their target payout percentage?

• A) A regular cash dividend of $0.05
• B) A regular cash dividend of $0.05 per share and an open-market stock repurchase of $960,000 in stock
• C) A regular cash dividend of $0.05 per share and an extra dividend of $0.12
• D) Both A regular cash dividend of $0.05 per share and an open-market stock repurchase of $960,000 in stock and A regular cash dividend of $0.05 per share and an extra dividend of $0.12

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Definitions:

Designated Groups

Populations identified for specific considerations or protections due to historical disadvantages or discrimination, often in the context of affirmative action or diversity initiatives.

Workforce Composition

The demographic makeup of an organization’s employees, including factors such as age, gender, ethnicity, and skill levels.

Organization's Workforce

The group of employed individuals who contribute their skills and labor to the achievements and objectives of an organization.

Unintentional Discrimination

Practices or behaviors that inadvertently disadvantage certain groups or individuals, often without malice or awareness by the perpetrator.