Bayliss Chandler Limited has an issued share capital of 20 000, split into 50p shares. In the

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Question:

Bayliss Chandler Limited has an issued share capital of £20 000, split into 50p shares. In the year ending 31 May 2012 a dividend of 6p per share was paid.
Ambrose owns 10% of the issued shares in Bayliss Chandler Limited. What was the value of Ambrose’s dividend for the year ending 31 May 2012?

a) £180

b) £120

c) £240

d) £360