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31 October, 08:39

A stock has a market price of $46.10 and pays a $2.40 annual dividend. what is the dividend yield? 4.13 percent 4.84 percent 5.21 percent 5.52 percent 5.78 percent

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  1. 31 October, 11:59
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    To solve:

    Dividend yield = Annual Dividend / Market Price

    Dividend yield = $2.40 / $46.10

    Dividend yield = 0.0521

    Then we are going to multiply by 100 to get the total in a percent

    Dividend yield percent = (0.0521) (100)

    Dividend yield = 5.21%
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