Homework Answers
Answer is $752
A dividend of $0.94 per share is declared on May 6 to holders of record on May 22.
Record date is the date which is used to determine the details of shareholders which are entitled to Dividend.
Number of shares held on May 22 = 500 + 200 + 100
Number of shares held on May 22 = 800
Dividend declared = $0.94 per share
Dividend to be received on June 12 = Dividend per share * Number
of shares held
Dividend to be received on June 12 = $0.94 * 800
Dividend to be received on June 12 = $752
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