Winslow,Inc. stock is currently selling for $40 a share. The stock has a dividend yield of 3.8%. How much dividend income will you receive per year if you purchase 500 shares of this stock?
A) $152
B) $190
C) $329
D) $760
E) $1,053

Question

Quizplus · Accepted Answer

The dividend income per share is calculated by multiplying the stock price by the dividend yield: $40 * 3.8% = $1.52 per share. For 500 shares, the total dividend income is 500 * $1.52 = $760.