Elena and Arturo Sarmiento own 500 shares of Walgreens (WAG)
stock. The annual yield for WAG is 22500.
What is the unitary method?
The unitary method is a method for solving a problem by the first value of a single unit and then finding the value by multiplying the single value.
Elena and Arturo Sarmiento own 500 shares of Walgreens (WAG)
stock.
After the quarterly dividends are reinvested under their
dividend reinvestment program (DRIP), they own 501.055 shares.
WAG is selling at $45.00 a share.
Total shares=500
Annual Dividend on 1 share =$45.00
Annual Dividend on 500 shares=$45.00 x 500
=$22500
As there are four quarters in a year, the total annual dividend will be divided by 4 to get the quarterly dividend.
Quarterly Dividend for 500 shares= 22500/4
=$5625
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