CBA declares a $0.5 share dividend on 10 million shares on 5 April to shareholders at the 15 April and paid on 30 April. Nelson buys 0.5 million shares on 7 April, another 0.5 million shares on 17 April, and a further 1 million shares on 5 May. How much does Nelson receive as a dividend?

Answer rating: 100% (QA)

Record date is important and record date is 15 April shares acquired upto ... View the full answer