Question

A company pays a dividend of $0.40 per share. How much will Jackie be paid on the 13 shares of stock she owns?

Answer 1

13÷0.40=33.5 but i dont ver paid for the halp so u only get 32

Answer 2

$5.2

Step-by-step explanation:

Dividends are rewards either in cash of share stocks that companies pay to their respective shareholder on the basis of numbers of shares held in the investment.

To qualify for dividends , shares must have been acquired before the ex dividend date.

Dividend payout is calculated by multiplying the no of shares with the dividend per share.

In this case , the dividend is $0.40*13 = $5.2