Stephanies Cafes, Inc., has declared a dividend of $1.30 per share for shareholders of record on Tuesday,

Question:

Stephanie’s Cafes, Inc., has declared a of $1.30 per share for shareholders of record on Tuesday, May 2. The firm has 200,000 shares outstanding and will pay the on May 24. How much cash will be needed to pay the When will the stock begin selling ex Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...