Yes, you received the correct form 1099-Div to report capital gains on the stock your wife inherited. When the stock is actually sold, you will receive a 1099-B from the broker.
If you inherit stock that pays a dividend after you have inherited this stock, then this would be considered taxable income to you and would need to be reported on your income tax return.
Qualified dividends are taxed as long-term capital gains. This means that if your highest income tax bracket is 15% or less, you receive these dividends tax-free.
If your marginal rate of tax is higher than 15%, your qualified dividends are taxed at 15% or 20%, depending on your income.
Click this link for more info on Form 1099-Div.
Here are instructions on How to Enter a 1099-DIV.
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