Suppose that a generic (and over-simplified) XYZ Mutual Fund is made of N stocks of $25 each. Those stocks pay $0.3 dividends over the year. I already know that yield is calculated by dividing the dividends paid by the stock price (source), so:
$0.3 / $25 = $0.012
If I own, for example, 50 shares of XYZ Mutual Fund, is it correct for me to expect
$0.012 * 50 = $0.6
of annual dividends from the fund?