A company's board of directors votes to declare a cash dividend of $.95 per share of...
A company's board of directors votes to declare a cash dividend of $.95 per share of common stock. The company has 19,000 shares authorized, 14,000 issued, and 13,500 shares outstanding. The total amount of the cash dividend is:
-
$26,125.
-
$18,050.
-
$17,050.
-
$12,825.
-
$13,300.
Homework Answers
| Dividend is always paid on outstanding shares | ||||
| therefore total dividend in the given case would be | ||||
| = $13500 shares *$0.95 per share | ||||
| =$12825 | ||||
| Therefore the FOURTH option is correct. | ||||
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