At the beginning of the year, Camille purchased 300 shares of stock at $25.50 per share, then sold them at the end of the year for $28.70 per share. She paid a 1% commission on both the purchase and sale of the stock. Current dividends per share of $2.00 are in effect. Determine the dividends.

Question

Business

Brady Rollins

27 February, 21:22

At the beginning of the year, Camille purchased 300 shares of stock at $25.50 per share, then sold them at the end of the year for $28.70 per share. She paid a 1% commission on both the purchase and sale of the stock. Current dividends per share of $2.00 are in effect. Determine the dividends.

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Answers (1)

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Kaia Cruz · Answer 1

Answer:$600

Explanation:

Dividend = Dividend per share x Number of shares

= 2 x 300

=600

Dividend received by Camille is $600

Dividend is the excess profit which a company distributes it to the shareholders after meeting all the company expenses. Dividends can be paid quarterly, monthly or annually. Dividend is paid for each share held by the shareholder. The dividend declared by the company is also per share basis. The dividend earned by a person is based on the number of shares held by shareholder.