The Rent It Company Declared a Dividend of

Multiple Choice

The Rent It Company declared a dividend of $.60 a share on October 20^th to holders of record on Monday,November 1^st. The dividend is payable on December 1^st. You purchased 100 shares of Rent It Company stock on Wednesday,October 27^th. How much dividend income will you receive on December 1^st from the Rent It Company?

A) $0
B) $1.50
C) $6.00
D) $15.00
E) $60.00