Canadian Securities Course (CSC) Practice Exam · Question
Ms. Chang owns 1,000 shares of XYZ Company, which pays a quarterly dividend of $0.25 per share. If the company announces an annual dividend increase of $0.10 per share, what will be her total annual dividend income?
The current annual dividend is 1,000 shares * $0.25/share * 4 quarters = $1,000. An annual increase of $0.10 per share means the new annual dividend per share i
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Question: Ms. Chang owns 1,000 shares of XYZ Company, which pays a quarterly dividend of $0.25 per share. If the company announces an annual dividend increase of $0.10 per share, what will be her total annual dividend income?
Answer options:
- $100
- $250 ✅ $350
- $1,000
Correct answer: $350
Explanation: The current annual dividend is 1,000 shares * $0.25/share * 4 quarters = $1,000. An annual increase of $0.10 per share means the new annual dividend per share is $1.00 + $0.10 = $1.10. Her total annual dividend income will be 1,000 shares * $1.10/share = $1,100, which reflects an increase of $100 annually.
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