Question

During the four quarters for 2017, the Browns received two quarterly dividend payments of $0.18, one quarterly payment of $0.20, and one quarterly payment of $0.22. If they owned 270 shares of stock,

what was their total dividend income for 2017?

Answer 1

$210.60

Step-by-step explanation:

The total dividend income is shown below:

= Number of shares owned × quarterly dividend × two + Number of shares owned × quarterly dividend + Number of shares owned × quarterly dividend

= 270 shares × $0.18 × 2 + 270 shares × $0.20 + 270 shares × $0.22

= $97.20 + $54 + $59.40

= $210.60

Simply we considered all the quarterly payments and multiplied with the number of shares owned