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12-11-2020
Business

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The common stock of Federal Logistics is selling for $57.56 per share. The company pays a constant annual dividend and has a total return of 10.13 percent. What is the amount of the dividend?

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Ritmeks Ritmeks

15-11-2020

Answer:

$5.83

Explanation:

The common stock of federal logistics is being sold at $57.56 per share

The total return is 10.13%

Therefore the amount of dividend can be calculated as follows

= price × return

= 57.56 × 10.13/100

= 57.56 × 0.1013

= $5.83

Hence the amount of dividend is $5.83

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