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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?

User Don Duvall
by
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2 Answers

6 votes
Dividend per share
15,000÷10,000
=1.5
your share of the declared dividend if you owned 50 shares
1.5×50
=75
User Ishan Fernando
by
8.3k points
5 votes

Answer:

$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

User Lill Lansey
by
8.5k points
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