Question

Elephant Corporation declared a cash dividend of $ 50,000,000 for the year to common stockholders with 16,326,000 shares of stock outstanding. What is the dividend per share?

Answer 1

The dividend per share for Elephant Corporation is approximately $3.06, calculated by dividing the total cash dividend of $50,000,000 by the number of shares outstanding, which is 16,326,000.

Step-by-step explanation:

To calculate the dividend per share, we divide the total cash dividend by the number of shares. In this case, Elephant Corporation declared a cash dividend of $50,000,000 and has 16,326,000 shares of stock outstanding. Dividing $50,000,000 by 16,326,000 will give us a dividend per share of approximately $3.06.

To determine the dividend per share for common stockholders of Elephant Corporation, we divide the total cash dividend declared by the total number of shares outstanding. With a declared dividend of $50,000,000 and 16,326,000 shares outstanding, the calculation is $50,000,000 ÷ 16,326,000, which equals approximately $3.06 per share. This means for every share owned, a stockholder would receive $3.06.