Manuel's portfolio includes 66 shares of Dell, 95 shares of Coca Cola, and 180 shares of Nike. If Dell pays a yearly dividend of $1.79 per share, Coca Cola pays $2.62 per share, and Nike pays $1.18 per share, how much does Manuel receive in dividends every year?

Question

Mathematics

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2 December, 11:57

Manuel's portfolio includes 66 shares of Dell, 95 shares of Coca Cola, and 180 shares of Nike. If Dell pays a yearly dividend of $1.79 per share, Coca Cola pays $2.62 per share, and Nike pays $1.18 per share, how much does Manuel receive in dividends every year?

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Sloane · Answer 1

We are going to take out the dividends step by step:

Dell:

(66) * (1.79) = 118.14 $

Coca Cola:

(95) * (2.62) = 248.9 $

Nike:

(180) * (1.18) = 212.4 $

Adding the three dividends we have:

118.14 + 248.9 + 212.4 = 579.44 $

Answer:

Manuel does receive 579.44 $ in dividends every year