Cole Company has 288,000 shares of common stock authorized, 260,000 shares issued, and 60,000 shares of treasury

Question:

Cole Company has 288,000 shares of authorized, 260,000 shares issued, and 60,000 shares of treasury stock. The company’s board of directors has declared a of 65 cents per share. What is the total amount of the that will be paid?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... 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...