Northern Railroad has announced that it will buy back 1,000,000 of its 30,000,000 shares over the next year If the stock is selling for $23 40, what is the equivalent cash dividend that the company could pay If you owned 300 shares of stock, how many would you need to sell to get this cash equivale...

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Northern Railroad has announced that it will buy back 1,000,000 of its 30,000,000 shares over the next

Question:

Northern Railroad has announced that it will buy back 1,000,000 of its 30,000,000 shares over the next year. If the stock is selling for $23.40, what is the equivalent cash that the company could pay? If you owned 300 shares of stock, how many would you need to sell to get this cash-equivalent 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...