An investor purchased 300 shares of ABC Inc. stock on December 16. ABC paid its quarterly...
An investor purchased 300 shares of ABC Inc. stock on December 16. ABC paid its quarterly dividend of $1.10 a share on December 31. The record date was December 18. How much dividend income did the investor receive on December 31 from his investment in ABC stock?
|
$0.00 |
||
|
$110 |
||
|
$165 |
||
|
$330 |
Homework Answers
Investor will receive dividend income because the stock purchase is before ex dividend rate
dividend income = 300 * 1.1
= 330
hence choose last option
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