Question

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Solve the following dividend problem

Sunn Solar Power Corporation has 60,000 shares of stock outstanding.

If it declares dividends of $40,000, what is the dividend per share of stock? ($1.50, or $0.67)

What would be your share of the declared dividend if you owned 100 shares?
($150.00, or $66.67)

Answer 1

To find the dividend per share, we divide the total dividend amount by the total shares.
Dividend per share = 40,000 / 60,000
Dividend per share = $0.67

Your share = 100 x 0.67
Your share = $66.67