Suppose that the dividend yield for a certain stock was 6% in 2017. if you purchased 40 shares ata price of $40 per share at the beginning of 2017 and kept your shares until the end of the year, what was your individual dividend for the year

Kevin Charles

Kevin Charles

Answered question

2022-10-15

Suppose that the dividend yield for a certain stock was 6% in 2017. if you purchased 40 shares ata price of $40 per share at the beginning of 2017 and kept your shares until the end of the year, what was your individual dividend for the year

Answer & Explanation

Marlene Welch

Marlene Welch

Beginner2022-10-16Added 23 answers

Assuming the face value of each share to be $ 10, the dividend is $ 10 6 100 = $ 0.60 per share. Then the individual dividend for the year, on 40 shares is 40 $ 0.60 = $ 24.00

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