Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Canadian Securities Someone holding 2,790 shares in Royal Bank (RY) with a share price of $125.80 receives a dividend distribution announcement. Payment amount per share

Canadian Securities

Someone holding 2,790 shares in Royal Bank (RY) with a share price of $125.80 receives a dividend distribution announcement.

Payment amount per share $1.08 CAD

Payment date August 24, 2021

Record date Monday July 26, 2021

Ex-dividend date Friday July 23, 2021

For dollar values, enter as $x,xxx.xx

For dates, enter as Month Day, Year

How much will someone purchasing RY on August 23, 2021, receive?

What is the last day that the stock trades Cum-Dividend?

When will the dividends be received?and how much willbe received?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey Of Economics

Authors: Irvin B. Tucker

10th Edition

133711152X, 978-1337111522

More Books

Students also viewed these Economics questions

Question

Answered: 1 week ago

Answered: 1 week ago