Types of Dividends: You Own 20,000 Shares in Past Stays

Types of dividends: You own 20,000 shares in Past Stays, Ltd., which has just sold one of its large resort hotels for $300 million. Management intends to return the entire revenue from the sale to shareholders by issuing a special dividend. If Past Stays has 20 million shares outstanding, how large a dividend payment do you expect to receive?

A) $20,000
B) $200,000
C) $300,000
D) $13,333