How is the nominal rate of return for a dividend paying stock calculated. I understand that nominal return is calculated using the formula:
(Current Market Value - Original Purchase Price) / Original Purchase Price
But then I read Example #2 here ( https://www.wallstreetmojo.com/nominal-rate-of-return/ ) and cannot understand where they are getting the numbers from. Specifically where they multiply the annual dividend rate by quarterly dividend rate divided by the share price.