Question

prince waste collection pays a yearly dividend of $14.94 per share of stock. if prince waste collection pays kathy $46,926.54 in dividends every year, how many shares does kathy own?
a. 2,978
b. 3,141
c. 3,443
d. 2,934

Explanation:

Step1: Identify the formula

To find the number of shares, we use the formula: Number of shares = Total dividend / Dividend per share.

Step2: Plug in the values

Total dividend is $46,926.54 and dividend per share is $14.94. So we calculate $\frac{46926.54}{14.94}$.

Step3: Perform the division

$46926.54 \div 14.94 = 3141$.

Answer:

b. 3,141