CBA Limited has a share capital of 25 000 £1 ordinary shares.Bill owns 10% of the company.In the financial year ended 31 December 20X8, a dividend of 12p per ordinary share was declared and paid. How much did Bill receive in respect of this dividend (to the nearest £)?

Question

Quizplus · Accepted Answer

Bill owns 10% of 25,000 shares, which is 2,500 shares. At 12p per share, the total dividend is 2,500 * £0.12 = £300.

CBA Limited Has a Share Capital of 25 000 £1