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Downtown Merchants has paid a quarterly dividend of $0.60 per share for the past two years. This quarter, the firm plans to pay $0.60 plus an additional $0.05. The firm has stated that it uncertain whether it will pay $0.60 or $0.65 per share next quarter. Which one of the following is the best description of the additional $0.05 that is being paid this quarter?
A. Liquidating dividend
B. Special dividend
C. Extra dividend
D. Stock dividend
E. Normal dividend
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Solution Summary
The expert determines the type of dividend is the extra $0.05 per share for Downtown Merchants.
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Extra dividend by definition is a non-recurring distribution of company assets, usually in the form of cash, to ...
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