Cash Cow, Inc. earned $750,000,000 last year. If it retains 40% of its earnings, and has 100 million shares outstanding, what was its dividend last year?

A) $3.00
B) $3.75
C) $4.50
D) $7.50

Retains

The portion of earnings that a company decides to keep or retain rather than distribute to shareholders in the form of dividends.

Dividend

A portion of a company's earnings distributed to its shareholders, typically in the form of cash or stock.

Shares Outstanding

The total number of a company's shares of stock that are owned by shareholders, including both public investors and restricted company insiders.