Pilot2013
Full time employment: Posting here.
Sorry if not that sophisticated, but I am trying to make some decisions on investing some cash.
Is determining the income from a dividend fund as simple as determining the value of fund holdings at the Dividend distribution date, and multiplying by the percentage? For example:
If you hold $50,000 of VUIAX at the distribution date, and the yield is 2.1%, your income (before taxes of course) would be $1,050 from that fund?
TIA
Is determining the income from a dividend fund as simple as determining the value of fund holdings at the Dividend distribution date, and multiplying by the percentage? For example:
If you hold $50,000 of VUIAX at the distribution date, and the yield is 2.1%, your income (before taxes of course) would be $1,050 from that fund?
TIA