On May 18^th,you purchased 1,000 shares of Sanders stock.On June 5^th,you sold 300 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 $.15 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 held 300 shares on the record date of July 10th, so you will receive dividends for those shares. 300 shares x $0.15 = $45.

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

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