Assume that a company in whose stock you are interested will pay regular quarterly dividends soon You determine that a dividend of $3 20 is indicated for this stock The board of directors has declared the dividend payable on September 1, with a holder of record date of August 15 When must you buy t...

The 320 dividend is the annual dividend The stoc ...

Assume that a company in whose stock you are interested will pay regular quarterly dividends soon. You

Question:

Assume that a company in whose stock you are interested will pay regular quarterly dividends soon. You determine that a of $3.20 is indicated for this stock. The board of directors has declared the payable on September 1, with a holder-of-record date of August 15. When must you buy the stock to receive this and how much will you receive if you buy 150 shares?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...