Answer
$4x^2+2x+\dfrac{1}{4}$
Work Step by Step
Using $(a\pm b)^2=a^2\pm2ab+b^2$ or the square of a binomial, the square of the given expression, $\left(
2x+\dfrac{1}{2}
\right)^2,$ is
\begin{array}{l}\require{cancel}
(2x)^2+2(2x)\left( \dfrac{1}{2} \right)+\left( \dfrac{1}{2} \right)^2
\\\\=
4x^2+2x+\dfrac{1}{4}
.\end{array}