When do I get paid on dividen mutual fund or ETF and how?

I have a ishare ETF bounght on March. And dividen yield is 4.1%
at this time. When do I get paid and how does it calculate?
Let's say I own $10000 of shares. Do they calculate the dividen based on the origibnal purchased price or the current market value?

Go to finance/yahoo ..put your symbol in the quote box...when it comes up click on " historical prices"...then on " dividends only"...you will see when the dividends are paid...whether quarterly or yearly....and you can see the amount of the dividend ( per share).
The dividend amount should be on your purchase price...it will be smaller than 4% of the current price if your share price went up...In other words if you look at a quote NOW...and the share price is considerably higher...the yield SHOULD be smaller....( so you are doing better than the people who are buying shares these days...) Feel smug?

You get paid when the fund says it distributes dividends..They will be paid based on what the underlying stocks pay. The 4.1% quoted is an historical rate, what you get now and in the future depends on the fortunes of the companies in the fund.

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