Zeller, Inc., has 60,000 shares of stock outstanding. Zeller declares a dividend of $580,000. What is the dividend per share?
ignoring all those trailing zeros,
58/6 = 9.67
To find the dividend per share, we need to divide the total dividend declared by the number of shares outstanding.
Dividend per share = Total dividend declared / Number of shares outstanding
Given:
Total dividend declared = $580,000
Number of shares outstanding = 60,000
Dividend per share = $580,000 / 60,000
= $9.67 (rounded to two decimal places)
Therefore, the dividend per share is $9.67.
To find the dividend per share, you need to divide the total dividend amount by the number of shares outstanding. In this case, Zeller, Inc., has 60,000 shares of stock outstanding and declares a dividend of $580,000.
Dividend per Share = Total Dividend Amount / Number of Shares Outstanding
Dividend per Share = $580,000 / 60,000 shares
Dividend per Share = $9.67
Therefore, the dividend per share is $9.67.