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At June 30th, Tidal Co. has 22,000 shares of common stock authorized, 17,000 issued, and...

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Accounting

At June 30th, Tidal Co. has 22,000 shares of common stock authorized, 17,000 issued, and 16,500 shares outstanding. On that date, Tidal's board of directors declared a cash dividend of $1.10 per share of common stock. What is the total amount of the cash dividend Tidal will pay to its common shareholders?

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