Nik purchased 400 shares of XYZ stock on June 8. On June 16, he purchased another 150 shares and then on June 20 he purchased a final 100 shares of XYZ stock. The company declared a dividend of RM0.84 a share on June 6 to holders of record on June 19. The dividend is payable on July 12. How much dividend income will Nik receive on July 12?

Select one:

a. RM752

b. RM658

c. RM640

d. RM462

Answer rating: 100% (QA)

SOLUTION ANSWER d RM462 WORKING Record date JUNE 19 NIK is eligible to receive dividend on s... View the full answer