Your portfolio is 240 shares of Callahan, Inc. The stock currently sells for $94 per share. The company has announced a dividend of $2.50 per share with an ex-dividend date of April 19. Assuming no taxes, what is your portfolio value as of April 19
Your portfolio is 240 shares of Callahan, Inc. The stock currently sells for $94 per share. The company has announced a dividend of $2.50 per share with an ex-dividend date of April 19. Assuming no taxes, what is your portfolio value as of April 19
The atomic nucleus is the small, dense region consisting of protons and neutrons at the center of an atom, discovered in 1911 by ernest rutherford based on the 1909 gold foil experiment.
$2.00 for three shots.
$21,960
Explanation:
the value of the portfolio before the ex-dividend date = $94 x 240 stocks = $22,560
Generally when investors are expecting a dividend, they will pay a higher price for a stock just before the ex-dividend date. After the stockholders' eligible for the dividend are recorded (ex-dividend date), the seller of the stock will receive the dividend, so the stock's sales price will decrease by the dividend amount.
New price per stock at ex-dividend date = $94 - $2.50 = $91.50
the value of the portfolio at the ex-dividend date = $91.50 x 240 stocks = $21,960