A company's board of directors votes to declare a cash dividend of $1.50 per share of common stock. the company has 30,000 shares authorized, 25,000 issued, and 24,500 shares outstanding. the total amount of the cash dividend is:

Question

Mathematics

Natasha Shelton

8 November, 07:55

A company's board of directors votes to declare a cash dividend of $1.50 per share of common stock. the company has 30,000 shares authorized, 25,000 issued, and 24,500 shares outstanding. the total amount of the cash dividend is:

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Jadyn Mcmillan · Answer 1

The total amount of dividend will be:

Total = (Number of issued shares) * (dividend per share)

Number of issued shares=25000

dividend per share=$1.5

thus the total dividend will be:

1.5*25000

=$37500