Winslow,Inc.stock is currently selling for $40 a share.The stock has a dividend yield of 2.8%.How much dividend income will you receive per year if you purchase 600 shares of this stock?
A)$152
B)$390
C)$672
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 * 0.028 = $1.12 per share. For 600 shares, the total dividend income is 600 * $1.12 = $672.