Question

Mrs Thomas owns 1,500 shares of a corporation that pays a quarterly dividend of $0.36 a share. How much in dividends did she receive last year?

Answer 1

$2160

Explanation:

Given : Mrs Thomas owns 1,500 shares of a corporation that pays a quarterly dividend of $0.36 a share.

To Find: How much in dividends did she receive last year?

Solution :

Since she pays quarterly dividend of $0.36 a share.

So she pays for 1500 shares = 1500*0.36

= $540

Now since he pays a quarterly dividend of $540 of 1500 share.

So, she receive dividends last year = 540*4

= $2160

Hence she receive dividends last year is $2160