In 2019, Microcharge paid a regular quarterly dividend of $0.89 per share.

a) Match each of the following dates:

(A1) Friday, October 27. (B1) Record date

(A2) Tuesday, November 7 (B2) Payment date

(A3) Wednesday, November 8 (B3) Ex-dividend date

(A4) Thursday, November 9 (B4) Last with-dividend date

(A5) Friday, December 1 (B5) Declaration date

b) On one of these dates, the stock price fell by about $0.89. Which date? Why?

c) Microcharge's stock price in November 2019 was about $86.

What was the dividend yield?

d) Microcharge's forecasted earnings per share for 2019 were about $6.90.

What was the payout ratio?

e) Suppose that Microcharge paid a 10% stock dividend. What would happen to the

stock price?