the balance sheet caption for common stock: common stock no par value, 7,000,000 shares authorized, 4,600,000 shares issued, 4,450,000 shares outstanding calculate the total amount of cash that would be paid to the stockholders of a cash dividend of $1.50 per share was declared

Take your number of shares issued and outstanding times your cash dividend per share to get your total cash dividend amount.

dividends are paid on issued capital