Question

A land developer declared a dividend of Php 10,000,000.00 for its common stock. Suppose there are 600,000 shares of common stock, how much is the dividend per share?

Answer 1

Answer:

16.67

Step-by-step explanation:

We have been given that a land developer declared a dividend of Php 10,000,000.00 for its common stock. There are 600,000 shares of common stock.

$\text{Dividend per share}=\frac{\text{Dividends paid}}{\text{Number of shares}}$

$\text{Dividend per share}=\frac{10,000,000.00}{600,000}$

$\text{Dividend per share}=16.6666$

$\text{Dividend per share}\approx 16.67$

Therefore, the dividend per share is 16.67.

Answer 2

3 that's the dividan of the problem