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On May 18th, you purchased 900 shares of LKM stock. On June 1st, you sold 100 shares of this stock for $32 a share. You
On May 18th, you purchased 900 shares of LKM stock. On June 1st, you sold 100 shares of this stock for $32 a share. You sold an additional 200 shares on July 6that a price of $34.50 a share. The company declared a per share dividend of $.33 on June 20thto holders of record as of Friday, July 8th. This dividend is payable on July 29th. How much dividend income will you receive on July 29thas a result of your ownership of LKM stock?
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