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27 June, 17:47

A company's board of directors votes to declare a cash dividend of $1.50 per share of common stock. the company has 30,000 shares authorized, 25,000 issued, and 24,500 shares outstanding. the total amount of the cash dividend is:

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  1. 27 June, 17:58
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    The total amount of dividend will be:

    Total = (Number of issued shares) * (dividend per share)

    Number of issued shares=25000

    dividend per share=$1.5

    thus the total dividend will be:

    1.5*25000

    =$37500
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