On January 2, the board of directors of DDT Inc. declared a dividend of $0.75 per share payable on Monday, January 28 to shareholders of record as of Monday, January 14. Under TSX rules, if you bought 500 shares of DDT stock on Friday, January 4 for $7.50 per share, how much will you receive in dividends?

Question

Quizplus · Accepted Answer

To receive the dividend, you must be a shareholder of record as of Monday, January 14. Since you bought the shares on January 4, you will be the shareholder of record on the record date. The dividend is $0.75 per share, and with 500 shares, the total dividend payment will be 500 shares * $0.75/share = $375.00.

On January 2, the Board of Directors of DDT Inc