Kate Babini owns 250 shares of Gildan Activewear.Suppose that for the last calendar quarter, Gildan paid $0.28 a share.What is the total amount she received in her dividend cheque for this quarter?
A)$0.28
B)$2.80
C)$70.00
D)$250.00
E)$892.00

Question

Quizplus · Accepted Answer

To calculate the total dividend Kate received, we need to multiply the dividend per share by the number of shares:

$0.28 per share × 250 shares = $70

Therefore, Kate received a dividend cheque of $70 for this quarter.

Kate Babini Owns 250 Shares of Gildan Activewear