Stephanie's Cafes,​ Inc., has declared a dividend of ​$1.53 per share for shareholders of record on​ Tuesday, May 2. The firm has 250,000 shares outstanding and will pay the dividend on May 24. How much cash will be needed to pay the​ dividend? When will the stock begin selling ex dividend​?

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.