Given that the total number of shares is 1000 at P30 per value. The total amount of all the shares is
[tex]A_{\text{share}}=1000\times P30=P30,000[/tex]If the company declared 1.5% percentage, the dividend would be
[tex]\begin{gathered} 1.5\text{ \%of P30,000} \\ =\frac{1.5}{100}\times P30,000 \\ =\frac{P45,000}{100} \\ =P450 \end{gathered}[/tex]Hence, the value of the dividend is P450
