Question
A certain stock pays dividends of \( \$ 0.54 \). How much would you receive if you owned 100 shares? Round your answer to the nearest cent, if necessary. Answer
Ask by Huang Turner. in the United States
Feb 28,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
You would receive $54.00 in dividends for owning 100 shares.
Solution
To find the total dividend, multiply the dividend per share by the number of shares:
Total dividend = Dividend per share × Number of shares
Total dividend = $0.54 × 100 = $54.00
So, you would receive $54.00 in dividends for owning 100 shares.
Answered by UpStudy AI and reviewed by a Professional Tutor
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Simplify this solution The Deep Dive
If you own 100 shares of a stock that pays dividends of \( \$0.54 \) per share, you would receive \( 100 \times 0.54 = 54.00 \). So, you would receive \( \$54.00 \) in dividends! That's a neat little paycheck just for holding shares, isn't it? Investing in stocks can lead to such rewards, and dividends can be a great way to generate passive income. Just imagine using that money for a fun night out or saving for something special!
