Question

Say you own 316 shares of Esti Transport stock, which offers an annual dividend of $8.16 per share. How much will you receive in quarterly dividends?

Answer 1

the answer is c

Explanation:

Answer 2

$644.64

Explanation:

Total shares=316

Annual Dividend on 1 share =$8.16

Annual Dividend on 316 shares=$8.16*316

=$2578.56

As there are four quarters in a year, the total annual dividend will be divided by 4 to get the quarterly dividend.

Quarterly Dividend for 316 shares= 2578.56/4

=$644.64