Chicago Brewing Has the Following Data,dollars in Thousands

question 37

Multiple Choice

Chicago Brewing has the following data,dollars in thousands.If it follows the residual dividend model,what will its dividend payout ratio be? ​

• A) 68.93%
• B) 56.50%
• C) 55.37%
• D) 44.07%
• E) 46.90%

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Definitions:

Shares Purchased

Refers to the acquisition of ownership units in a corporation, typically through transactions on stock exchanges.

Dividend Declared

A payment announced by a company's board of directors to be distributed among shareholders.

Capital in Excess

Funds received by a company from selling shares at a price above the par value, also known as additional paid-in capital.

Stock Dividend

A distribution of additional shares of a company's stock to shareholders instead of cash payouts, based on the number of shares they already own.