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PLEASE HELP URGENTLY. THANK YOU WILL GIVE THUMBS UP Assume dividends tax at a rate of 20% A company has had two issues of Class
PLEASE HELP URGENTLY. THANK YOU WILL GIVE THUMBS UP
Assume dividends tax at a rate of 20% A company has had two issues of Class A shares, which have voting rights but no right to a fixed dividend. The first issue was on 1 june 2006, when 4 million shares were issued for a price of R10 per share. The second issue was on 1 March 2022 , when 7 million shares were issued for a price of R25 per share. On 30 June 2022, the company declared a Class A dividend of R3 per share. This was the first dividend declaration by the company since 30 June 2019. The dividend payment date was 20 July 2022. 49% of Class A shareholders (on both tranches issued) are SA-resident companies. The full value of the Class A dividend declared on 30 June 2022 was R Of this dividend, on 20 July 2022, the shareholders who are SA-resident companies received an amount of R Of this dividend, on 20 july 2022 , the shareholders who are not 5 A-resident companies received an amount of R Step by Step Solution
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