But if you only paid $5 per share for the stock, I'm thinking your dividend is only going to be a few cents per share.
A dividend would be declared by the board of directors, & that statement would include what class of stock would be paid how much $$ per share based on the ownership on a specific date.
If I have 1000 shares of stock buying at 5/share, how much money would I get per-share with dividends? I'm 15, so I can't get a job and I would like a source of income and I have no idea how much money yielding stocks can provide....
Thanks, very much.
Regards, Mason.