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nk, Inc. has 40,000 shares of stock outstanding. The company declares dividends of $120,000. What is the dividend per share of stock? If Tim Worker owns 45 shares of, stock, what is his share of the declared
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Mar 6, 2019
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nk, Inc. has 40,000 shares of stock outstanding. The company declares dividends of $120,000. What is the dividend per share of stock? If Tim Worker owns 45 shares of, stock, what is his share of the declared dividends?
Mathematics
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Tomoyuki
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To find the he dividend per share of stock,we can divide the dividends by the total amount of
share:
120000÷40000
=$3
If Tim Worker owns 45 shares of stock, his share of the declared dividends would be:
3×45
=$135
Hope it helps!
Shinjin
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Mar 12, 2019
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Shinjin
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