Question

If I own 100 shares of ZYx Corporation Common Stock, what amount would I receive if the Board declares a .17 per share dividend?

Answer 1

You would receive $17 as a total dividend from ZYx Corporation for your 100 shares since the dividend declared is $0.17 per share.

Step-by-step explanation:

If the board of ZYx Corporation declares a dividend of $0.17 per share, and you own 100 shares, you would calculate the total dividend you will receive by multiplying the number of shares by the dividend per share. So, the calculation will be:

100 shares × $0.17 per share = $17

This means you would receive $17 in total as a dividend from ZYx Corporation for your 100 shares. Dividends are a way for companies to distribute a percent of the profits to shareholders, and the amount received scales with the number of shares owned. Stable companies that offer dividends are often held for long periods of time, as they can provide a consistent income stream.