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-   -   Total amt of Dividend to be paid (https://www.askmehelpdesk.com/showthread.php?t=582649)

  • Jun 18, 2011, 12:01 PM
    angelbears1230
    Total amt of Dividend to be paid
    Net pass co has 300,000 shares of common stock authorized, 270,000 shares issued, 100,000 shares of treasury stock board of director's declared dividend of .50 cents per share of common stock what is the total amt. of dividend paid?
  • Jun 18, 2011, 12:50 PM
    pready

    Take the number of shares issued and outstanding times the dividend amount.

    So you take the number of shares issued minus the number of shares of treasury stock to get your number of shares outstanding.

    270,000 shares issued - 100,000 shares of treasury stock = number of shares outstanding.

    No take the number of shares outstanding * $0.50 dividend amount per share = total dividend amount.
  • Jul 7, 2011, 01:58 AM
    dom.b.fortin
    270,000 * 0.5 = 135,000
  • Jul 7, 2011, 02:03 AM
    dom.b.fortin
    Comment on dom.b.fortin's post
    sorry I forgot the treasury stocks, so (270,000-100,000)*.5= 85,000

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