Six months ago, you purchased 100 shares of stock in global trading at a price of $38.70 a share. the stock pays a quarterly dividend of $.15 a share. today, you sold all of your shares for $40.10 per share. what is the total amount of your dividend income on this investment?

We can get the total dividend income by multiplying the shares bought at the at the par value then add the interest acquired.
Total value of shares sold = 100 shares * $40.1
                             = $4010
You get 1 dividend share for the 6-month term
interest= $0.15*100
             =$15
value of shares bought = 100 shares x $38.7
                        =$3870
Total income = total value of shares sold + interest - value of shares bought
                       =$4010+$15-$3870
                       = $155
The total income for this investment is $155.

 

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