Question

Solve the following dividend problem

Answer 1

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;

$0.6667(100)=66.67$