Bankers, Inc. stock is currently selling for $80 a share. The stock has a dividend yield of 4.2%. How much dividend income will you receive per year if you purchase 150 shares of this stock?

A) $120
B) $336
C) $504
D) $630
E) $1,905

Dividend Yield

This ratio in finance shows the comparison between a company's annual dividend payout and its stock price.

Dividend Income

Earnings received from owning shares of a company that pays dividends.

Shares

Shares represent portions of equity in a company or an investment, entitling holders to a proportional share of any distributed profits, known as dividends, when they are announced.