How much would I make on an investment into a stock that pays monthly dividends over a year? | All About Money Online

Investment is 16,000 Price Per Share 7.00 Monthly stock dividend .10

Total shares to start 2285

I plan to take the stock dividend instead of cash payment. Assuming the price of the stock stays at or above the purchase price I calculate I will have just over 6000 shares and an approximate value on the investment of almost 48,000. Does this sound right?

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