Mike owned 3,000 shares of Merck Corporation and received a quarterly dividend check for $1,140. What was

Question:

Mike owned 3,000 shares of Merck and received a quarterly check for $1,140. What was the annual for one share of Merck?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...