Calculate stock dividend shares and cash dividends amounts

Assume that you own 6,000 shares of Briant, Inc.’s common stock and that you currently receive cash dividends of $2.52 per share per year.

Required:

a. If Briant, Inc., declared a 5% stock dividend, how many shares of common stock would you receive as a dividend?

b. Calculate the cash dividend per share amount to be paid after the stock dividend that would result in the same total cash dividend (as was received before the stock dividend).

c. If the cash dividend remained at $2.52 per share after the stock dividend, what per share cash dividend amount without a stock dividend would have accomplished the same total cash   dividend?

d. Why might a company consider having a dividend policy of paying a $0.30 per share cash dividend every year and also issuing a 5% stock dividend every year?