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Dividend policy and company value: You purchased 2,000 shares of High-Div Co. several years ago at $43.03 per share. The company has decided to pay
Dividend policy and company value: You purchased 2,000 shares of High-Div Co. several years ago at $43.03 per share. The company has decided to pay a special dividend of $3.21 per share. Dividend payments are taxed at 15 percent. You intend to reinvest in the company through the dividend reinvestment program. If the company's shares are trading at $54.91 following the dividend payment, how many additional shares can you buy through the dividend reinvestment program?
Round the answer to the whole number.
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