Need some comfort next to a dividend on stocks problem?
Can someone show me the steps to solving this problem?
A company has 263,000 shares of adjectives stock authorized, 236,700 shares issued, and 65,000 shares of treasury stock. The company’s board of directors declares a dividend of 0.75 per share. What is the total amount of the dividend that will be salaried?
Total Dividends = $ XXX
Answers: well, since treasury stock does not enjoy dividend, I read it as only 236700 shares issued of which 65000 are pay for as treasury stock.
236,700-65,000=171,700 * .75 =$128,775
no
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A company has 263,000 shares of adjectives stock authorized, 236,700 shares issued, and 65,000 shares of treasury stock. The company’s board of directors declares a dividend of 0.75 per share. What is the total amount of the dividend that will be salaried?
Total Dividends = $ XXX
Answers: well, since treasury stock does not enjoy dividend, I read it as only 236700 shares issued of which 65000 are pay for as treasury stock.
236,700-65,000=171,700 * .75 =$128,775
no