The capital stock of a company is Tk. 500000 and is divided into 5000 shares of common stock. If the company pays a dividend of Tk. 64000, what amount will Rakib receive for his 50 shares?

Question: The capital stock of a company is Tk. 500000 and is divided into 5000 shares of common stock. If the company pays a dividend of Tk. 64000, what amount will Rakib receive for his 50 shares?

Solution:
5000 shares income Tk. 64000
1 share incomes Tk. 64000/5000
50 shares income Tk. (64000 × 50)/5000
= Tk. 640