Question

Mary Jane owns 1,000 shares of TUV Trucking Company. TUV pays a yearly dividend of $2.00 per share. What is the total annual dividend that Mary Jane will receive?

Answer 1

May Jane will receive total annual dividend of $2,000

Step-by-step explanation:

The company pays a dividend of $2.00 per share and Mary Jane owns 1,000 shares so the total annual dividend that she will receive will be (Dividend per share*no of shares) = 2*1000= 2,000