Question

What is the total annual dividend received from owning 75 shares of stock A, if Company A issues a $0.20 quarterly dividend to its shareholders? total annual=__ Round to the nearest hundredth.

Answer 1

The total annual dividend received is $60.

The computation of the total annual dividend is as follows:

Given that

There are 75 shares.

And, the quarterly dividend is $0.20.

So,

The annual dividend should be

= $0.20 × 4 quarters

= $0.80

Now the annual dividend is

= 75 shares × $0.80

= $60

Therefore we can conclude that the total annual dividend received is $60.

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