Mathematics
Varun possesses 600 shares of ₹ 25 of a company. If the company announces a dividend of 8%, then his annual income is:
₹ 600
₹ 1,200
₹ 480
₹ 120
Shares & Dividends
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Answer
Given,
Number of shares = 600
Face Value = ₹ 25
Dividend rate = 8%
By formula,
Annual income = No. of shares × Rate of div. × N.V. of 1 share
= = ₹ 1,200.
Hence, Option 2 is the correct option.
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