Answer:
$644.64
Step-by-step explanation:
Total shares=316
Annual Dividend on 1 share =$8.16
Annual Dividend on 316 shares=$8.16*316
=$2578.56
As there are four quarters in a year, the total annual dividend will be divided by 4 to get the quarterly dividend.
Quarterly Dividend for 316 shares= 2578.56/4
=$644.64
