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  • 25-02-2016
  • Mathematics
Answered

Zeller, Inc., has 50,000 shares of stock outstanding. Zeller declares a dividend of $480,000. What is the dividend per share?

0.10

0.96

9.60

10.00

Verified Answer :

meerkat18
meerkat18 meerkat18
  • 04-03-2016

Given:
50,000 shares of stock outstanding
$480,000 dividend

This is just a simple division problem, we divide the total amount by the number of shares that earns a dividend.

$
480,000 ÷ 50,000 = $9.60 dividend per share.


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