JAMB Economics 2019 Objective — Question 22

Question 22 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2019 Objective paper, with the correct answer and a full explanation.

Ordinary shareholders are entitled to receive dividends

A. before preference shareholders
B. only after dividends on preferred shares have been paid, if funds are availableCorrect
C. only if the company is state-owned
D. in fixed amounts regardless of profit

Explanation

Ordinary shareholders are entitled to receive dividends if any funds are available after dividends on preferred shares have been paid.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Economics 2019 Objective More Economics past papers