Question

Mary sue owns 1200 shares of QRS Moving Company. QRS pays a quarterly dividend of 0.25...

Mary sue owns 1200 shares of QRS Moving Company. QRS pays a quarterly dividend of 0.25 per share. What is the total annual dividend that Mary Sue will receive

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Answer #1
$ 1,200

Working:

a. Quarterly dividend = Number of shares x Quarterly dividend per share
=           1,200 x $       0.25
= $           300
b. Annual Dividend = Quarterly dividend x Quarters in a year
= $           300 x 4
= $       1,200
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