Jennifer and Jeff Cooke own 220 shares of Petro-Canada common stock. Petro-Canada's quarterly dividend is $10 per

Question:

Jennifer and Jeff Cooke own 220 shares of Petro-Canada common stock. Petro-Canada's quarterly dividend is $10 per share. What is the amount of the dividend check that the Cooke couple will receive for this quarter?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...