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