When a stock is held for a
few months, until it pays dividends to the investor for the first time, investor's total return can be calculated straightforwardly, just
by adding up the current value of the securities held (prices multiplied
by stock held) and the dividends earned,
dividing that result
by the cost of purchase if we want to obtain a rate, and multiplying that result
by 100 if we want it expressed as a percentage.