Question
The current stock price of POI Corporation is $30, and the firm has 300,000 outstanding shares. On 4 December 2022, the firm declared a $2
The current stock price of POI Corporation is $30, and the firm has 300,000 outstanding shares. On 4 December 2022, the firm declared a $2 dividend per share. The ex-dividend date would be 28 December 2022, and the payment date would be 4 January 2023. The lot size of the stock is 200 shares.
David has bought 4 lots ofthe stock issued by POI Corporation on 5 December 2022. He would sell 1 lot of it on 27 December 2022, sell I lot of it on 28 December 2022, and sell the remaining shares on 4 January 2023. Discuss with not more than 100 words that whether he can get any dividend on the payment date (31 May 2021). If he can get the dividend, calculate how much it is. (8 marks)
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