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valentinak56 [21]
3 years ago
8

Solve the following dividend problem

Mathematics
1 answer:
slamgirl [31]3 years ago
5 0

Answer:

Dividend per share of stock

$0.6667

Your share of the declared dividend if you owned 100 shares

$66.67

Step-by-step explanation:

To determine the dividend per share of stock we simply divide the declared dividend by the number of shares of stock outstanding;

\frac{40000}{60000}=$0.6667

This implies that for every share of stock an individual is entitled to a dividend of $0.6667. Consequently, for 100 shares the dividend will be equal to;

0.6667(100)=66.67

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