Your portfolio is 150 shares of Barden, Inc. The stock currently sells for $87 per share. The

Question:

Your portfolio is 150 shares of Barden, Inc. The stock currently sells for $87 per share. The company has announced a dividend of $1.32 per share with an ex-dividend date of April 19. Assuming no taxes, how much will your stock be worth on April 19?

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... Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...