A corporation has 50,000 shares issued and outstanding on December 31, 2020. They declare and pay...
A corporation has 50,000 shares issued and outstanding on December 31, 2020. They declare and pay an annual dividend on that date so that shareholders receive a dividend yield of 4% when the market value of the company's stock is $20. The corporation will pay a total amount of dividends to all shareholders of:
Homework Answers
Dividend Yield = Dividend/Market price * 100
4% = Dividend / 20 *100
4*10 = Dividend per share
Dividend per share = $40
Total dividend to all shareholders = $40*50,000 shares
= $2,00,000
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