The capital of SA PSB is made up of 10,000 shares with a par value of €20 fully paid upon 31/12/N. A capital increase of 4,000 new shares took place during year N-1. The company requested the release of 50% during the broadcast. Current N, the company requested the 3rd quarter release. The first global dividend paid to shares fully paid up amounts to €18,000. the unit dividend of the 4,000 new shares is amount to €0.975 per share. What is the most likely time of the release of the 3rd quarter of these 4,000 new shares?

The capital of SA PSB is made up of 10,000 shares with a par value of €20 fully paid upon 31/12/N. A capital increase of 4,000 new shares took place during year N-1. The company requested the release of 50% during the broadcast. Current N, the company requested the 3rd quarter release. The first global dividend paid to shares fully paid up amounts to €18,000. the unit dividend of the 4,000 new shares is amount to €0.975 per share. What is the most likely time of the release of the 3rd quarter of these 4,000 new shares?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 5P

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