Question

Zeller, Inc., has 50,000 shares of stock outstanding. Zeller declares a dividend of $480,000. What is the dividend per share?

Answer 1

Hi there

Dividend per share
480,000÷50,000
=9.6

Hope it helps

Answer 2

9.6 per share

Explanation:

Given that Zeller, Inc., has 50000 shares of stock outstanding.

Zeller declares a divided of 480,000

Total no of shares - 50000

Total amount of dividend - 480,000 dollars

To find the dividend per share we can use direct variation principle

For 50000 shares dividend declared - 480,000

Hence for 1 share dividend -- 480,000/50,000

=9.60 per share

Answer is

Dividend per share is 9.60 dollars.