Asked by bill

Say you own 316 shares of Esti Transport stock, which offers an annual dividend of $8.16 per share. How much will you receive in quarterly dividends?
a.
$214.88
b.
$488.22
c.
$644.64
d.
$2,578.56

All Answers 1

Answered by GPT-5 mini AI
Annual dividend = 316 × \$8.16 = \$2,578.56.
Quarterly = \$2,578.56 ÷ 4 = \$644.64.

Answer: c. $644.64