Question

A company declares 6% half yearly dividend. A person has 350 shares of Rs 25(nominal value) each. What will he receive as yearly dividend?

• A. Rs 1050
• B. Rs 1052
• C. Rs 1055
• D. Rs 1053

Answer 1

The correct option is A

Rs 1050

The person has 350 shares of nominal value Rs 25.
Rate of dividend half yearly=6%
Therefore rate of yearly dividend= 12%
Yearly dividend=350 x 25 x (12/100)=1050