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24 August, 12:55

The Spanish company has 150,000 shares outstanding. They have declared a 15% stock dividend on a stock that has an original price of $20 per share. How many additional shares will be issued

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  1. 24 August, 14:05
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    Additional shares issued = 22,500

    Explanation:

    Given:

    Outstanding shares = 150,000

    Price per share = $20

    Stock dividend = 15% = 15 / 100 = 0.15

    Additional shares issued = ?

    Computation of additional shares issued:

    Additional shares issued = Outstanding shares * Stock dividend

    Additional shares issued = 150,000 * 0.15

    Additional shares issued = 22,500

    Therefore, 22,500 new shares will issue as stock dividend.
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