Question

A company declared an annual dividend of 10%. Find the annual dividend of a shareholder owning 1500 shares of the company of par value ₹ 10 each.

Answer 1

Given:

Dividend rate = 10%

Number of shares = 1500

Face value (par value) of each share = ₹10

Dividend per share

= 10% of ₹ 10

= ₹ 1

Total Dividend

1500 × ₹ 1

= ₹ 1500