Answer :
The dividend per share is 16.67 and this can be determined by using the formula of the dividend per share.
Given :
- A land developer declared a dividend of Php 10,000,000.00 for its common stock.
- Suppose there are 600,000 shares of common stock.
The formula of Dividend per share can be used to determine the value of dividend per share. The formula of dividend per share is given by:
[tex]\rm Dividend \; per \; share = \dfrac{Dividend }{Total\; number \;of \;shares}[/tex]
Now, substitute the value of the known terms in the above formula:
[tex]\rm Dividend \; per \; share = \dfrac{10000000 }{600000}[/tex]
[tex]\rm Dividend \; per \; share = \dfrac{100 }{6}=16.67[/tex]
So, the dividend per share is 16.67.
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https://brainly.com/question/1957976