Question

Chuck's Computer Corporation has 10,000 shares of stock outstanding. If it declares dividends of $15,000, what is the dividend per share of stock? What would be your share of the declared dividend if you owned 50 shares?

Answer 1

Dividend per share
15,000÷10,000
=1.5
your share of the declared dividend if you owned 50 shares
1.5×50
=75

Answer 2

$75.00

Explanation:

Chuck's Computer Corporation has 10,000 shares of stock outstanding.

It declares dividend of = $15,000

The dividend per share of stock = 15,000 ÷ 10,000 = $1.50 per share

If you owned 50 shares.

The value of the dividend of 50 shares = 1.50 × 50 = $75.00

The value of the dividend of your 50 shares would be $75.00