Question

nk, Inc. has 40,000 shares of stock outstanding. The company declares dividends of $120,000. What is the dividend per share of stock? If Tim Worker owns 45 shares of, stock, what is his share of the declared dividends?

Answer 1

To find the he dividend per share of stock,we can divide the dividends by the total amount of
share:

120000÷40000
=$3

If Tim Worker owns 45 shares of stock, his share of the declared dividends would be:

3×45
=$135

Hope it helps!