You own 2,000 shares of Patriot Corporation, which is about to double its dividend from $ 75 to $1 50 per share You do not need the extra dividend income, but you don 't want to sell out What would you do to offset the dividend increase ...

Your dividend income will increase from 1500 to 3000 If you view ...

You own 2,000 shares of Patriot Corporation, which is about to double its dividend from $.75 to

Question:

You own 2,000 shares of Patriot Corporation, which is about to double its from $.75 to $1.50 per share. You do not need the extra income, but you don't want to sell out. What would you do to offset the increase?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...