If an investor owns 220 shares and General Mills Corporation pays a dividend of $0.47 a share, what is the total dividend amount for the quarter?

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The total dividend amount for the quarter can be calculated by multiplying the number of shares owned by the dividend per share. In this case, the investor owns 220 shares of General Mills Corporation, and the company pays a dividend of $0.47 per share.

To find the total dividend, you would perform the following calculation:

Total dividends = Number of shares × Dividend per share Total dividends = 220 shares × $0.47 per share

Calculating that gives you:

Total dividends = $103.40

Thus, the total dividend amount for the quarter is $103.40. This approach highlights how dividends work, where investors receive periodic payments based on the number of shares they hold, reinforcing the concept of returns on investment through dividends.