You purchased 200 shares of ABC on July 15^th.On July 20^th,you purchased another 100 shares and then on July 22^st you purchased your final 200 shares of ABC.The company declared a dividend of £1.10 a share on July 5^th to holders of record on Friday,July 23^rd.The dividend is payable on July 31^st.How much dividend income will you receive on July 31^st from ABC?

Question

Quizplus · Accepted Answer

The total shares owned in ABC are 500 (200+100+200). The dividend per share is £1.10. So, the total dividend income will be:

500 shares x £1.10/share = £550

Therefore, the correct answer is C)£330.

You Purchased 200 Shares of ABC on July 15th

You Purchased 200 Shares of ABC on July 15^th