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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 500 shares of this stock

Respuesta :

The dividend income will you receive per year is $760.

Dividend Yield % = Dividend/ Stock Selling Price

Dividend Yield %=3.8%

Stock Selling Price=$40

Dividend=?

Dividend Yield % = Dividend/ Stock Selling Price

3.8% = Dividend/$40

Dividend= $40 x 3.8%

Dividend=$1.52

Dividend income = Dividend per share x no of shares purchased

= $1.52 x 500

= $760

Dividends obtained by a domestic company from a foreign company in which the domestic company's equity shareholding is less than 26% are taxed at the regular tax rate.

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