Answered

Chuck's Computer Corporation has 10,000 shares of stock outstanding.


If it declares dividends of $12,000, what is the dividend per share of stock?


What would be your share of the declared dividend if you owned 50 shares?

Verified Answer :

Aliwohaish12

12,000÷10,000=1.2
1.2×50=60

TaeKwonDoIsDead

Divident per share = \(\frac{Total Dividend Amount}{Number Of Shares}\)

We know total dividend amount is $12,000 and number of shares is 10,000. Dividend per share is @@MATH_TOKEN_1@@ dollars.

How much will someone with 50 shares get?

If 1 share gets $1.2 as dividend, 50 shares will get \(50*1.2=60\) dollars as dividend.

Furthermore, how much is $60 out of total $12,000 (in dividends)? We divide 60 by 12,000 and then multiply by 100.

\(\frac{60}{12000}=0.005*100=0.5\)percent.


ANSWER:

Dividend per share is $1.2

For owning 50 shares, he/she should get $60 (which is 0.5% of original)


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