Answer:
9.6 per share
Step-by-step explanation:
Given that Zeller, Inc., has 50000 shares of stock outstanding.
Zeller declares a divided of 480,000
Total no of shares - 50000
Total amount of dividend - 480,000 dollars
To find the dividend per share we can use direct variation principle
For 50000 shares dividend declared - 480,000
Hence for 1 share dividend -- 480,000/50,000
=9.60 per share
Answer is
Dividend per share is 9.60 dollars.
