On May 20,2018,Tony Blackman bought 100 shares of stock from XYZ Corporation.The quarterly dividend is $1.50 per share and the record date is May 25.How much will Tony receive for this quarterly dividend?

Question

Quizplus · Accepted Answer

Tony will receive $150 for this quarterly dividend because he owns 100 shares and the dividend is $1.50 per share. Therefore, 100 shares * $1.50 = $150.

On May 20,2018,Tony Blackman Bought 100 Shares of Stock from XYZ