You own 400 shares of Western Feed Mills stock valued at $51.20 per share. What is the dividend yield if your annual dividend income is $352? A. 1.68 percent B. 1.72 percent C. 1.83 percent D. 1.13 percent E. 1.21 percent

Question

Business

Ari Watson

15 August, 20:44

You own 400 shares of Western Feed Mills stock valued at $51.20 per share. What is the dividend yield if your annual dividend income is $352? A. 1.68 percent B. 1.72 percent C. 1.83 percent D. 1.13 percent E. 1.21 percent

+5

Answers (1)

Know the Answer?

Kailey Reed · Answer 1

option (B) 1.72%

Explanation:

Data provided in the question:

Number of shares owned = 400

Per share market value = $51.20

Market Value of stocks purchased = 400 * $51.20 = $20,480

Dividend income = $352

Now,

Dividend Yield = [ Dividend : Market Value of share ] * 100%

= [ $352 : $20,480 ] * 100%

= 0.0172 * 100%

= 1.72%

Hence,

The correct answer is option (B) 1.72%