3
QuizMultiple Choice

Investing in Stocks

Question 3 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

Andrew owns stock in Hyren Airlines and as a result gets paid dividends worth $539.70 every year. If Andrew owns 105 shares of Hyren Airlines, how big is the dividend each share yields?

Answer
A
$3.60
B
$2.78
C
$5.67
D
$5.14

Explanation

Divide the total annual dividends by the number of shares: $539.70 ÷ 105 = $5.14 per share. Therefore, the dividend each share yields is $5.14, choice D.

AI-written and checked against the verified answer.

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