XYZ Dividend Announcement

Shareholders of XYZ Company will be smiling all the way to the bank following an announcement of a dividend of 10 pesewas per share to all shareholders in respect of the 2019 financial year.

The announcement was made on February 1, 2020 and the dividend was expected to be approved by investors at the company's Annual General Meeting scheduled for March 25, 2020.

In this regard, members registered in the books of XYZ at the close of business on Monday March 23, 2020 will qualify for the payment of the dividend. The final dividend would be paid on March 30, 2020.

1. Given that the GSE rules provide that all transactions on the floor of the exchange must go through the books of the firm by the close of business on the third working day following the transaction, what is the last date on which to buy the shares in other to receive the dividend announced?
2. If the equity of XYZ is worth GHS 31.3 million, and XYZ has issued 10 million shares how much will Esi receive if she owns 1% of the shares of XYZ?
3. What is XYZs dividend yield?