Question
Ken owns 500 shares of LaceNBrace, which makes hockey equipment. He receives a notice stating the company will be paying $0.15 dividend per share. What is the total dividend payment he receives for that quarter?
$750
$8.50
$7.55
$75
$750
$8.50
$7.55
$75
Answers
GPT-4o mini
To calculate the total dividend payment Ken receives, you can use the following formula:
\[
\text{Total Dividend} = \text{Number of Shares} \times \text{Dividend per Share}
\]
In this case:
- Number of Shares = 500
- Dividend per Share = $0.15
\[
\text{Total Dividend} = 500 \times 0.15 = 75
\]
So, the total dividend payment Ken receives for that quarter is **$75**.
\[
\text{Total Dividend} = \text{Number of Shares} \times \text{Dividend per Share}
\]
In this case:
- Number of Shares = 500
- Dividend per Share = $0.15
\[
\text{Total Dividend} = 500 \times 0.15 = 75
\]
So, the total dividend payment Ken receives for that quarter is **$75**.