Question

Joelle cardenas owns 200 shares of a stock. for the last calendar quarter, the company paid a dividend of $0.45 a share. what is the total amount she received in her dividend check for this quarter? multiple choice

O $0.45
O $45.00
O $100.00
O $90.00
O $200.00

Answer 1

Joelle Cardenas received a total dividend payment of $90.00 for the quarter, calculated by multiplying the dividend per share ($0.45) by the number of shares she owns (200 shares).

Step-by-step explanation:

Joelle Cardenas received $90.00 in her dividend check for this quarter. The calculation to find the total amount received in dividends is to multiply the number of shares owned by the dividend paid per share. In this case, Joelle owns 200 shares and the dividend per share is $0.45.

The formula to calculate the total dividend payment is:

Total Dividend = Number of Shares × Dividend per Share

Thus:

Total Dividend = 200 shares × $0.45/share

Total Dividend = $90.00

Through this example, we understand that dividend payments are a way for companies to distribute profits to shareholders, and the amount a shareholder receives is based on the number of shares they own multiplied by the dividend per share announced by the company.