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    angelbears1230's Avatar
    angelbears1230 Posts: 1, Reputation: 1
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    #1

    Jun 18, 2011, 12:01 PM
    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?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Jun 18, 2011, 12:50 PM

    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.
    dom.b.fortin's Avatar
    dom.b.fortin Posts: 27, Reputation: 1
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    #3

    Jul 7, 2011, 01:58 AM
    270,000 * 0.5 = 135,000
    dom.b.fortin's Avatar
    dom.b.fortin Posts: 27, Reputation: 1
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    #4

    Jul 7, 2011, 02:03 AM
    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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