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Winslow, Inc., stock is currently selling for $40 a share. The stock has a dividend yield...

Winslow, Inc., stock is currently selling for $40 a share. The stock has a dividend yield of 3.8 percent. How much dividend income will you receive per year if you purchase 600 shares of this stock?

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Answer #1
Price of Winslow Inc stock 40
Dividend yield 3.8%.
Dividend per share Dividend yield*Price of stock
Dividend per share .038*40
Dividend per share 1.52
Dividend income per year per share 1.52
Number of shares of Winslow Inc 600
Dividend income per year Dividend income per year per share*Number of shares of Winslow Inc.
Dividend income per year 1.52*600
Dividend income per year 912
You will receive $912 of dividend income per year.
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