Question

Ted's mother gave him 20 shares of stock in a local company. She paid $58 per share for them. At the end of the first year, the company paid a dividend of $3.10 per share. How much did Bob receive in dividends?

Answer 1

Ted's mother gave him 20 shares of stock in a local company. She paid $58 per share for them. At the end of the first year, the company paid a dividend of $3.10 per share. How much did Bob receive in dividends?

$3.10 / share * 20 shares = $62

The cost per share has nothing to do with the dividends.