Dividends are paid per share. So $12.11 per year is paid per share.
So, if you own 132 shares, you get [tex]132*12.11=1598.52[/tex] dollars per year for all the stocks.
A quarter is [tex]\frac{1}{4}[/tex] of a year.
So, you would be expected to get [tex]\frac{1}{4}*1598.52=399.63[/tex] dollars in quarterly dividends. Answer choice D is correct.
ANSWER: D
