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Jim Rogers recently purchased 100 shares of First Citrus Bank (FCIT) at $50 per share. He hears that FCIT has declared a 25% stock dividend and wants to know how that will affect his holdings after the ex-date. He will own:
The number of shares increased by 25% or 25 shares. Total market value remains the same. To calculate the new market price, divide $5,000 (total market value) by 125 to get the after-dividend price of $40 per share.
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Jim Rogers recently purchased 100 shares of First Citrus Bank (FCIT) at $50 per share. He hears that FCIT has declared a 25% stock dividend and wants to know how that will affect his holdings after the ex-date. He will own:
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