Question

Jack is purchasing a stock that pays an annual dividend of $3.42 per share. If he purchases 400 shares for $53.18 per share, what would his annual income be from dividends

Answer 1

Answer:

1368 dollars.

Step-by-step explanation:

given that Jack s purchasing a stock that pays an annual dividend of $3.42 per share

No of shares Jack purchased = 400

Price per share = 53.18$

Amount invested by Jack in shares = $400*53.18 =21272$ dollars

Annual dividend = 3.42 per share

Total dividend = $400*3.42 = 1368$

Annual income from dividends = 1368 $