The amount of the dividend that was just paid is $91.23
Given,
Current price of stock - $49
Dividend yield - 3.8 percent
Dividend growth rate - 5.1 percent
In order to get the amount of the dividend to be paid in one year, we calculate it using the below given formula-
Dividend yield = Dividend for next period × Current price
= $49 × 3.8%
= $49 × 1.862
= $91.23
Therefore, the amount of the dividend that was just paid is $91.23
In order to share profits with a company's stockholders, dividends are used to make payments. Dividends can be either distributed quarterly, or may be paid out as cash or in the form of reinvestment in additional stock.
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