Question

.Adrianna owns 1,000 shares of a corporation that pays an annual dividend of $4.16 per
share. How much should she expect to receive on a quarterly dividend check?

Answer 1

The amount she would receive on a quarterly dividend check is $1040.

What is the quarterly dividend check?

The first step is to determine the quarterly dividend per share. This can be determined by dividing the annual dividend by 4.

Quarterly dividend per share = $4.16 / 4 = $1.04

The second step is to multiply that quarterly dividend per share by the total shares owned.

$1.04 x 1000 = $1040

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