Question

helen owns 12.6% of the stock of the Median Corporation. If median makes a dividend payment of $30,000,000 paid proportionally to its shareholders, how much of this amount will helen receive.

Answer 1

Answer:

$3,780,000

Explanation:

Data provided in the question

Owning percentage = 12.6%

Dividend payment = $30,000,000

By considering the above information, the amount that helen received is

= Dividend payment × Owning percentage

= $30,000,000 × 12.6%

= $3,780,000

By multiplying the dividend payment with the owning percentage, the total dividend received can come