San Martin Corporation has 300,000 shares of $10 par value, common shares authorized through its charter. 250,000 shares were issued of which 225,000 shares are currently outstanding. The year-end market price of the stock was $70. Dividends paid at the end of the year were $2.50 per share. Calculate the total dividends paid.

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The Answer of San Martin Corporation has 300,000 shares of $10 par value, common shares authorized through its charter. 250,000 shares were issued of which 225,000 shares are currently outstanding. The year-end market price of the stock was $70. Dividends paid at the end of the year were $2.50 per share. Calculate the total dividends paid.

San Martin Corporation Has 300,000 Shares of $10 Par Value