Solve the following dividend problem

sunn solar power corporation has 60,000 shares of stock outstanding.

if it declares dividends of $40,000, what is the dividend per share of stock?

what would be your share of the declared dividend if you owned 100 shares?

Dividend per share of stock

$0.6667

Your share of the declared dividend if you owned 100 shares

$66.67

Step-by-step explanation:

To determine the dividend per share of stock we simply divide the declared dividend by the number of shares of stock outstanding;

This implies that for every share of stock an individual is entitled to a dividend of $0.6667. Consequently, for 100 shares the dividend will be equal to;

80

step-by-step explanation: