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QUESTION
Stock Dividends: The market value balance sheet for Outbox Manufacturing is shown here. Outbox has a 25% stock dividend.
Stock Dividends:The market value balance sheet for Outbox Manufacturing is shown here. Outbox has a 25% stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 20,000 shares of stock outstanding. What will the ex-dividend be? Market Value Balance Sheet$190,000455,000$645,000
SOLUTION:Ex-Dividend = $455,000 * 25%Ex-Dividend $113,750.00