Author Question: The Limberger Corporation declared a quarterly dividend of $0.10 per share. The ex-dividend date was ... (Read 59 times)

sc1250 · **on:** Mar 29, 2022

Question 1

The decision of how much money to pay out in dividends is made by the
◦ board of directors.
◦ company shareholders.
◦ chief executive officer.
◦ chief financial officer.

Question 2

The Limberger Corporation declared a quarterly dividend of $0.10 per share. The ex-dividend date was July 15, the date of record was July 18, and the payment date was July 28. If you had owned 100 shares of the Limberger Corporation and sold them on July 15, then
◦ you would collect $10.00 in dividends, and the purchaser would not collect any dividends.
◦ the purchaser would collect $10.00 in dividends, and you would not collect any dividends.
◦ you would collect $5.00 in dividends, and the purchaser would collect $5.00 in dividends.
◦ neither you nor the purchaser would collect any money in dividends.

as4309 · **Reply #1 on:** Mar 29, 2022

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