Question

Theo buys 500 shares of a KO for the lofty dividend. If KO pays a dividend of $1.20/share 4 times a year, how much are the dividend payments worth for the year?

Answer 1

$2,400.00

Step-by-step explanation:

The dividends per year will be dividends per share per year multiplied by 500.

Dividend per share per year

=$1.20x 4

=$4.80

Per year dividends will be worth

=$4.80 x 500

=$2,400.00