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Happy2021
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A company invested £75000 in shares with a nominal value of 50p when they were trading at 25p per share. A dividend of three pence per share has been announced.
How much would the investing company receive in dividends?
How much would the investing company receive in dividends?
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Been a long time since i've done Financial statements of limited companies so i'll take a guess at £9,000
£75,000 / £0.25 (25p per share) = 300,000 shares
300,000 X £0.03 (3p per share dividend) = £9,000
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