Plyler Cabinets Declared a Dividend of $1

question 58

Multiple Choice

Plyler Cabinets declared a dividend of $1.20 a share on May 15 to holders of record on Monday,June 1.The dividend is payable on June 15.Sara purchased 500 shares of Plyler Cabinets stock on Friday,May 29.How much dividend income will she receive on June 15 from Plyler Cabinets?

• A)$0
• B)$0.80
• C)$1.60
• D)$160.00
• E)$320.00

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