Winkie Baking has just announced a 100 percent stock dividend The annual cash dividend per share was $2 40 before the stock dividend Winkie intends to pay $1 40 per share on each of the new shares Compute the percentage increase in the cash dividend rate that will accompany the stock dividend ...

Winkie Baking has just announced a 100 percent stock dividend. The annual cash dividend per share was

Question:

Winkie Baking has just announced a 100 percent stock The annual cash per share was $2.40 before the stock Winkie intends to pay $1.40 per share on each of the new shares. Compute the percentage increase in the cash rate that will accompany the stock 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...