hu5nP0huntings hu5nP0huntings

25-02-2016
Mathematics

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Zeller, Inc., has 50,000 shares of stock outstanding. Zeller declares a dividend of $480,000. What is the dividend per share?
0.10
0.96
9.60
10.00

Respuesta :

meerkat18 meerkat18

04-03-2016

Given:
50,000 shares of stock outstanding
$480,000 dividend

This is just a simple division problem, we divide the total amount by the number of shares that earns a dividend.

$480,000 ÷ 50,000 = $9.60 dividend per share.

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