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FINRA Series 7 Exam Prep

Category - Series 7

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The Bubba Corporation has 900,000 outstanding shares and holds 100,000 shares as treasury stock. At the end of the third quarter $450,000 is distributed as a dividend on the common. How much is the dividend per share?

$0.05
$0.45
$0.50
None of the above

Explanation

Answer: C - The dividend per share is $0.50. Since treasury stock does not receive dividends, divide $450,000 by the outstanding 900,000 shares to arrive at $0.50 per share.

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