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24 April, 01:54

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

+3
Answers (1)
  1. 24 April, 03:09
    0
    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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