A company's board of directors votes to declare a cash dividend of $1.50 per share of common stock. the company has 30,000 shares authorized, 25,000 issued, and 24,500 shares outstanding. the total amount of the cash dividend is:
The total amount of dividend will be: Total=(Number of issued shares)*(dividend per share) Number of issued shares=25000 dividend per share=$1.5 thus the total dividend will be: 1.5*25000 =$37500
