The ex-dividend stock price if the company issues the entire proceeds from the sale as a special dividend is $76.84. It can be calculated by calculating dividend per share first.
A dividend can be described as the distribution of a company's earnings to its shareholders. Dividend can be determined by the company's board of directors. A dividend is usually be paid per share of stock. Dividend be paid from the company's earning and profit.
Dividend per share = 2,800,000 / 380,000
Dividend per share = $7.37
Ex-dividend price = $84.27 − $7.37
Ex-dividend price = $76.9
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