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Question
A company declares 6% half-yearly dividend. If a person has 175 shares at par value of ₹ 25 each, what will he receive as yearly dividend?
Sum
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Solution
Given:
Half-yearly dividend = 6%
Annual dividend = 6% × 2 = 12%
Number of shares = 175
Par value per share = ₹ 25
Dividend per share
= 12% of ₹ 25 `= 12/100 xx25`
= ₹ 3
Total dividend
= ₹ 3 × 175
= ₹ 525
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