On July 9, you purchased 800 shares of Blue Water stock for $32 a share. On August 4, you sold 200 shares of this stock for $33 a share. You sold an additional 200 shares on August 14 at a price of $34.50 a share. The company declared a dividend of $.76 per share on August 3 to holders of record as of Monday, August 17. This dividend is payable on September 15. How much dividend income will you receive on September 15?

Question

Quizplus · Accepted Answer

You held 400 shares on the record date of August 17 (800 initial - 200 sold on August 4 - 200 sold on August 14). The dividend is $0.76 per share, so 400 shares x $0.76 = $304.

On July 9, You Purchased 800 Shares of Blue Water