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Anna bought 100 shares of Red Rocks Corp.s stock at $50 per share on February 1, 2020 and sold them for $70 on February 5,

Anna bought 100 shares of Red Rocks Corp.s stock at $50 per share

on February 1, 2020 and sold them for $70 on February 5, 2021.

Red Rocks Corp. has not paid any dividends until 2021. The FIRST dividend was announced on 12/7/2020.

The dividend payment schedule is listed in the table below.

Dividend Period

Dividend

per share ($)

Announcement Date

Record Date

Payable Date

FY2021 Q1

0.5

December 7, 2020

February 8, 2021

March 11, 2021

(1) Annas ordinary income tax rate is 28%. The capital gain and dividend are taxed at the same rate of 15%.

How much total return in dollar amount would Anna receive from the transaction?

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