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Plyler Cabinets declared a dividend of $1.20 a share on May 15 to holders of record on Monday, June 1. The dividend is payable on June 15. Sara purchased 500 shares of Plyler Cabinets stock on Friday, May 29. How much dividend income will she receive on June 15 from Plyler Cabinets?

Respuesta :

Answer:

The correct answer to the following question is that Sara will not receive any dividend income .

Explanation:

Sara has bought the Plyler cabinets share ( 500 ) on Friday, May 29 but the plyler cabinets had declared dividend of $1.20 on a share on May 15, and the holders will get dividend on June 1 , which means she has bought the shares after the ex dividend date ( after 15th May ) so she will not receive any dividend income .