On May 18^th,you purchased 1,000 shares of BuyLo stock. On June 5^th,you sold 200 shares of this stock for $21 a share. You sold an additional 400 shares on July 8^th at a price of $22.50 a share. The company declared a $.50 per share dividend on June 25^th to holders of record as of Thursday,July 10^th. This dividend is payable on July 31^st. How much dividend income will you receive on July 31^st as a result of your ownership of BuyLo stock?

Question

Quizplus · Accepted Answer

You owned 1,000 shares on the record date of July 10th, so you receive dividends for all 1,000 shares at $0.50 per share, totaling $500.

On May 18th,you Purchased 1,000 Shares of BuyLo Stock

On May 18^th,you Purchased 1,000 Shares of BuyLo Stock