How many Ador Fontech shares you have to buy for 5000 Rs dividend per year?
To determine how many Ador Fontech shares you need to buy to receive a dividend of ₹5000 per year, I will calculate the total dividend per share for each year based on the provided data, and then find the number of shares required to reach ₹5000 using the highest dividend per share value.
2023 Dividend:
Final Dividend: ₹5.00
Total Dividend per Share in 2023 = ₹5.00
2022 Dividend:
Final Dividend: ₹3.00
Special Dividend: ₹1.00
Total Dividend per Share in 2022 = ₹3.00 + ₹1.00 = ₹4.00
2021 Dividend:
Final Dividend: ₹2.20
Total Dividend per Share in 2021 = ₹2.20
2020 Dividend:
Final Dividend: ₹1.80
Total Dividend per Share in 2020 = ₹1.80
The highest dividend per share is ₹5.00 in 2023.
To receive a dividend of ₹5000 per year, the required number of shares would be:
Number of Shares = ₹5000 / ₹5.00 (Dividend per Share in 2023)
Number of Shares = 1000
Therefore, you need to buy 1000 Ador Fontech shares to receive a dividend of ₹5000 per year, assuming the dividend per share remains at ₹5.00 or higher.
