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ABC Ltd. has a total of 20,000 shares outstanding with a par value of $10 per share. The company reported net income of $250,000 for

ABC Ltd. has a total of 20,000 shares outstanding with a par value of $10 per share. The company reported net income of $250,000 for the year ended December 31, 2022. The company declared a dividend of $2.50 per share on December 31, 2022, to be paid to shareholders of record on January 15, 2023. What is the total amount of dividends that ABC Ltd. will pay to its shareholders?

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