Cole Company has 292,000 shares of common stock authorized, 250,000 shares issued, and 62,000 shares of treasury stock. The company's board of directors has declared a dividend of 75 cents per share.

Cole Company has 292,000 shares of common stock authorized, 250,000 shares issued, and 62,000 shares of treasury stock. The company's board of directors has declared a dividend of 75 cents per share.

What is the total amount of the dividend that will be paid?

Explanation:

Amount of dividend = (188,000 shares outstanding × $0.75) = $141,000