A dividend is the distribution of a company's earnings to its shareholders and is determined with the useful resource of the usage of the company's board of directors.
The required details for dividend in given paragraph
Annual dividend =(Quarterly dividend)*4
=$3*4=$12
Current inventory charge=(Annual dividend)/(Dividend yield)
=$12/(5.8%)
=$206.8965517 or $206.90 (Rounded to two decimal places)
Answer: $206.90
Dividends are regularly disbursed quarterly and can be paid out as coins or within side the shape of reinvestment in extra inventory. The dividend yield is the dividend in step with proportion and is expressed as dividend/charge as a percent of a company's proportion charge, together with 2.5%. Common shareholders of dividend-paying corporations are eligible to obtain a distribution so long as they personal the inventory earlier than the ex-dividend date. Dividends should be permitted with the aid of using the shareholders with the aid of using vote casting rights.
Although coins dividends are common, dividends also can be issued as stocks of inventory. Various mutual price range and exchange-traded price range (ETFs) additionally pay dividends.
To know about dividend click here
https://brainly.com/question/25845157
#SPJ1
