One company decided to distribute a dividend of € 1.50 per share to the shareholders on...
One company decided to distribute a dividend of € 1.50 per share to the shareholders on October 17th. Dividends are due on October 31. Helen bought 100 shares of the company on October 17th. Nikos bought 100 shares of the company on October 16th.
(a) What amount did Eleni receive as a dividend on October
31?
b) What amount did Nikos receive as a dividend on October 31?
Homework Answers
Since the Helen purchased share on 17th october being the record date he will not be eligible for dvidiend. His seller will receive the dividend since dividend is paid for previous day end shareholders.
whereas in the case of Nikos such issue wil not arise and he is entitled for dividend.
a) Eleni will not receive any dividend on October 31
b) Nikos will receive (100*1.50) = $ 150/. as a dividend on October 31
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