Question

Drius Security stock has a yearly dividend of $12.11. If you own 132 shares of Drius Security, how much do you get paid in quarterly dividends? a. $133.21 b. $1,598.52 c. $366.96 d. $399.63

Answer 1

Answer: D

Explanation:

edge 2023

Answer 2

Dividends are paid per share. So $12.11 per year is paid per share.

So, if you own 132 shares, you get
`132*12.11=1598.52` dollars per year for all the stocks.

A quarter is
`(1)/(4)` of a year.

So, you would be expected to get
`(1)/(4)*1598.52=399.63` dollars in quarterly dividends. Answer choice D is correct.

ANSWER: D