Question

The quarterly dividend for Tiffany, a jewelry company, was $0.12

during the second quarter of 2008. What was the annual divider
for 2,000 shares?

Answer 1

$960

Explanation:

Quarterly Dividend Per Share = $0.12

Quarterly Dividend For 2000 shares = 0.12 x 2000 = $240

Since there are 4 quarters in a year, yearly dividend for 2000 shares at $0.12 per share

= $240 x 4 = $960