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Question
Find the annual dividend on 500 shares of a stock with par value of ₹ 10 each, if the quarterly dividend is 16%.
Sum
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Solution
Given:
Quarterly dividend = 16%
Par value per share = ₹ 10
Number of shares = 500
Calculate annual dividend rate:
16% × 4
= 64%
Dividend per share:
64% of ₹ 10 `= 64/100xx10`
= ₹ 6.40
= ₹ 6.40 × 500
= ₹ 3200
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