KL Electronics Has Paid a Quarterly Dividend of

KL Electronics has paid a quarterly dividend of $.42 per share for the past two years.This quarter, the firm plans to pay $.42 plus an additional $.05 per share.The firm has stated that it is uncertain whether it will pay $.42 or $.47 per share next quarter.Which one of the following is the best description of the additional $.05 that is being paid this quarter?

A) Liquidating dividend
B) Special dividend
C) Extra dividend
D) Stock dividend
E) Normal dividend

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free