The Rent It Company declared a dividend of $.60 a share on October 20th to holders of record on Monday, November 1st. The dividend is payable on December 1st. You purchased 100 shares of Rent
It Company stock on Wednesday, October 27th. How much dividend income will you receive on
December 1st from the Rent It Company?

Question

Quizplus · Accepted Answer

You purchased the shares before the record date of November 1st, so you are eligible to receive the dividend. With 100 shares and a dividend of $0.60 per share, you will receive $60.00.

The Rent It Company Declared a Dividend of