Question

Drius Security stock has a yearly dividend of $12.11. If you own 132 shares of Drius Security, how much do you get paid in quarterly dividends? a. $133.21 b. $1,598.52 c. $366.96 d. $399.63 Please select the best answer from the choices provided A B C D

Answer 1

Answer:

d. $399.63

Explanation:

Data provided in the given question

Dividend = $12.11

Shares = 132

The calculation of quarterly dividends is shown below:-

Quarterly dividends = Dividend × Shares ÷ Number of quarters in a year

= $12.11 × 132 ÷ 4

= $399.63

Therefore, to compute the quarterly dividends we simply divide shares with number of quarter in a year and multiply with dividend.