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20 December, 14:00

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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  1. 20 December, 14:15
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    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
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