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Candace is considering purchasing a common stock that pays an annual dividend of $3.42 per share. If she purchases 400 shares for $53.18 per share, what would her annual income be from dividends?
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Candace is considering purchasing a common stock that pays an annual dividend of $3.42 per share. If she purchases 400 shares for $53.18 per share, what would her annual income be from dividends?

User Akbarali
by
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1 Answer

3 votes

Answer:

$1368

Explanation:

Income from dividends = price per share x number of dividends purchased

$3.42 x 400 = $1368

User Mcuadros
by
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