Vortex Corp. has 250,000 shares of common stock authorized. The company issued 85,000 shares and reacquired 9,000 of those shares as treasury stock. The board of directors subsequently declared a cash dividend of $6 per share.
Required:
What is the total amount of dividends that were declared?

Question

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The Answer of Vortex Corp. has 250,000 shares of common stock authorized. The company issued 85,000 shares and reacquired 9,000 of those shares as treasury stock. The board of directors subsequently declared a cash dividend of $6 per share.
Required:
What is the total amount of dividends that were declared?