Horizon Industries declared $225,000 in dividends, to be shared among 75,000 common shares. How much dividend per share will each shareholder receive?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter15: Dividend Policy
Section: Chapter Questions
Problem 5P
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Horizon Industries declared $225,000 in dividends, to be shared
among 75,000 common shares.
How much dividend per share will each shareholder receive?
Transcribed Image Text:Horizon Industries declared $225,000 in dividends, to be shared among 75,000 common shares. How much dividend per share will each shareholder receive?
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