Asked by
lindsey malone
on Nov 07, 2024
Verified
On January 2, the board of directors of DDT Inc. declared a dividend of $0.75 per share payable on Monday, January 28 to shareholders of record as of Monday, January 14. Under TSX rules, if you bought 500 shares of DDT stock on Friday, January 4 for $7.50 per share, how much will you receive in dividends?
A) $0.00
B) $1.50
C) $37.50
D) $55.00
E) $375.00
TSX Rules
The regulations and guidelines established by the Toronto Stock Exchange (TSX) that govern trading, listing, and company compliance in Canada’s primary stock market.
Dividend Per Share
The amount of dividend paid out per share of stock, indicating the portion of a company's earnings distributed to shareholders.
- Comprehend the consequences of declaring dividends, setting record dates, and determining payment dates on qualification for receiving dividends.
Verified Answer
JM
Learning Objectives
- Comprehend the consequences of declaring dividends, setting record dates, and determining payment dates on qualification for receiving dividends.