Memorandum To: James Cotter From: Chris Smith, Adam Grossman, Richard Budd Date: March 21, 2016 Subject: Recommendation for Dividend Policy at Linear Technology Introduction and Overview The purpose of this memo is to analyze the financial data of Linear Technology and determine whether or not to increase the dividend payout. Linear Technology is a semiconductor company founded in 1981. The company specializes in designing, manufacturing, and marketing these semiconductors for various electrical
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2 billion for full year --- Company increases semi-annual cash dividend 20%, to $0.81 per share --- For fiscal year 2013, Accenture expects net revenue growth of 5% to 8% in local currency and EPS of $4.22 to $4.30, an increase of 10% to 12% -NEW YORK; Sept. 27, 2012 — Accenture (NYSE: ACN) reported financial results for the fourth quarter and full 2012 fiscal year, ended Aug. 31, 2012, with record annual revenues, earnings per share, operating margin, free cash flow and new bookings. For the fourth
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Corporate Finance Lecture Note Packet 2 Capital Structure, Dividend Policy and Valuation B40.2302 Aswath Damodaran Aswath Damodaran! 1! Capital Structure: The Choices and the Trade off Neither a borrower nor a lender be Someone who obviously hated this part of corporate finance Aswath Damodaran! 2! First Principles Aswath Damodaran! 3! The Choices in Financing There are only two ways in which a business can make money.
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producer controlling approximately 77% of the market. Historically, UST has been very aggressive with its price increases. This has resulted in a solid boost in the company’s earnings, and large payouts of dividends. UST is widely known for its conservative debt policy, and high dividend payout. This gives the company considerable attention on Wall Street. Despite a recent “neutral” outlook from Wall Street, UST has decided to borrow up to $1 billion to accelerate the company’s stock program
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An Overview of the UK Pharmaceutical Industry The Pharmaceutical Industry in the UK is the second largest contributor to Gross Domestic Product behind Financial Services. There are several very big players in the UK with GlaxoWelcome & SmithKline Beecham who merged in January 2000 to become Glaxo SmithKline and AstraZeneca being the two largest UK based companies. Almost all the other major pharmaceutical companies operating in the UK have undergone or are in the process of undergoing mergers
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Pfizer (PFE) Financial Analysis for 2012, 2013 and 2014: Ratio Analysis Abstract The following is a list of these ratios, in conjunction with associative details and background to itemize and explicate the overall financial enquiry: Earnings per Share (EPS), which will illustrate current, along with expected, product losses, unfavorable impact and any adverse change in a foreign exchange rate, along with adjustable income attributable to Pfizer and its shareholder's guidance. The next ratio considered
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wants the company to issue a $150 billion buyback of its stock, believe the company to be extremely undervalued, Icahn, who considers Cook a good CEO, projects Apple’s stock can rise to more than $625 if it buys back shares. The catalyst would be a significant reduction in the share count, boosting EPS. Assuming moderate earnings growth, Icahn thinks the stock could return to its all-time high near $700. Icahn also wants Apple to borrow $150 billion at a 3 percent interest rate to fund the purchases
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Stocks and Bonds People all over the world purchase stocks and bonds everyday form many different companies. A person’s financial goals, business interests, or current wealth are factors in helping them decide how much to invest in stocks or when to purchase bonds. The main difference between stocks and bonds; is stocks equal equity while bonds equal debt. A person buying stock in a company usually has a desire to own part of that corporation or business, whereas a person buying bonds will become
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Final Exam Page 1 1. (TCO A) Which of the following is NOT normally regarded as being a barrier to hostile takeovers? (Points : 5) Abnormally high executive compensation Targeted share repurchases Shareholder rights provisions Restricted voting rights Poison pills 2. (TCO F) Which of the following statements is correct? (Points : 5) The NPV, IRR, MIRR, and discounted payback (using a payback requirement of 3 years or less) methods always lead
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------------------------------------------------- CITIC Securities Co. FINAL PROJECT Part 1:Brief Description and History of the InstitutionVerbal CITIC Securities Co. is established on October 25, 1995 in Beijing. CITIC Securities public offered 400 million shares of common shares that listed on the Shanghai Stock Exchange, which start trade on January 6, 2003. The stock is CITIC Securities and stock code is 600030. The main business for CITIC Securities is securities brokerage, securities investment consulting, securities
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