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Unformatted text preview: 2007: 39.77% [$4,048/($10,340-$161)] given: cash dividend for 2006 = 3,555 net earnings = 8,684 preferred stock = 148 Payout ratio = cash dividend divided by (net income less preferred dividends) 2006: 41.65% [$3,555/($8,684-$148)] h. Market price range of P&G's common stock during quarter ended June 30,2007 High: $64.75 Low: $60.76 price range was taken from the following website: http://thomson.mobular.net/thomson/7/2481/2801/ page 72 Shareholder Information On June 30, 2007, the percentage of P&G's authorized common stock is 39.9% (3,98.7 million shares of common stock issued) P&G's shares of common stock oustanding at June 30, 2007 was 3,131.9 million. At June 30,2006, P&G's shares of common stock outstanding was 3,178.8 million The effect of cash dividends on P&G's stockholders' equity is the decrease in the retained earnings by $4,209,000 (including both common & preferred dividends)...
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This note was uploaded on 08/23/2010 for the course ACCOUNTING ac551 taught by Professor Montana during the Summer '10 term at DeVry Fresno.
- Summer '10