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Zeller, inc., has 60,000 shares of stock outstanding. zeller declares a dividend of $580,000. what is the dividend per share?

Zeller, inc., has 60,000 shares of stock outstanding. zeller declares a dividend of $580,000. what is the dividend per share?
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1 vote
Zeller, inc., has 60,000 shares of stock outstanding. zeller declares a dividend of $580,000. what is the dividend per share?

asked
User Prabhakar Lad
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7.3k points

2 Answers

6 votes
Take $580,000 ÷ 60,000 = 9.67
answered
User Dirn
by
7.6k points
3 votes
I believe the answer is: $580,000 ÷ 60,000 = 9.67

Dividend per share represent the total amount of dividend which carried out by each outstanding shares in the market.
Dividend per share would be used by investors to measure the amount of income that they would receive for their investments.
answered
User Wener
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8.8k points
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