I would like to set up a passive income. I was looking at investing in stocks, but I don't know much about it. I am thinking about choosing at least 20 solid companies that pay a good dividend.
As an example, if I were to invest in MCD, which is McDonalds. http://www.marketwatch.com/investing/stock/mcd
The yield is 3.29% and the value is $114 per share. Assuming that the price remains exactly the same for an entire year, and that I purchase only one share, then this should be the math for calculating the yield: 114 x 0.0329 = 3.7506
So if I were to buy 1 share, and prices are stable, I should assume that I will receive a check for $3.75.
Is my math correct? Also, are there any fees/deductions, or would I receive the amount in full, which should be $3.75?