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The quarterly dividend for Tiffany, a jewelry company, was $0.40 during the first quarter of 2016. What was the annual dividend for 2,000 shares at that time?

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The answer is $1,360 (please like)

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The annual dividend on 2000 shares at the time would be $3200

  • Quarterly dividend = $0.40 per share

  • Number of shares = 2000

  • The number of quarters per year = 4

Quarterly dividend for 2000 shares :

  • $0.40 × 2000 = $800

Annual dividend on 2000 shares :

  • $800 × 4 = $3200

Therefore, the Annual dividend will be $3200

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