What is the payout ratio before and after the stock split, Financial Accounting

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What is the payout ratio before and after the stock split

Problem

Your company earns $10.50 a share, sells for $70, and pays a $4 per share dividend. The stock is split 2 for 1 and a $2 per share cash dividend is declared. If the firm's total earnings do not change, what is the payout ratio before and after the stock split?

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Financial Accounting: What is the payout ratio before and after the stock split

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Financial Accounting: What is the payout ratio before and after the stock split

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