On Friday 20th May 2016, The Prudential PLC, the massive UK life insurer, paid out a dividend to shareholders.
It is the owner of M&G Investments, Jackson National Life and InfraCapital.
Prudential paid out 36.47p per share to its shareholders. The share capital of Prudential PLC is made up of 2,572,762,666 shares.
So how much did Pru pay out on Friday 20th May ?
2,572,762,666 x £0.3647 = £938,286,544.29
That is £938m to its shareholders. That is the cost of the dividend.
That is a 3% yield.