patsy banz owns 200 shares of a stock. for the last calendar quarter, the company paid a dividend of $0.45 a share. what is the total amount she received in her dividend check for this quarter?

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01-12-2022
Business

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patsy banz owns 200 shares of a stock. for the last calendar quarter, the company paid a dividend of $0.45 a share. what is the total amount she received in her dividend check for this quarter?

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Qwclear Qwclear · Answer 1 · 2022-12-06T05:34:19-05:00

The total amount received in the dividend check for this quarter will be $90.

Stocks are investments made by any individual. The stocks are bought or sold by using the call and put option respectively. There is a certain rate of interest on every stock and the value of the stocks differ according to the market value of the stock. Dividend is referred to as the distribution of the profits earned from the stock to the different holders of the stock. Now, Patsy Banz owned 200 stocks and the dividend was $0.45 per share.

The total amount is expressed as

Total amount = Number of stocks × Dividend per share

Total amount = 200 × $0.45

Total amount = $90

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