Form of a scrip dividend

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A company's shares are trading at R24. The company declares a dividend of R0.97 per share. Shareholders are given the option of cash payment or in the form of a scrip dividend. How many new shares will an investor receive if they currently hold 1,197,648 shares and opt for the scrip dividend, assuming the share price is unchanged on payment date?

Reference no: EM133073485

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