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Mekhanik
1 month ago
8

A stock is priced at $85 per share and pays a quarterly dividend of $2.10 per share. What is the dividend yield per stock share

per year?
a) 2.8%
b) 3.5%
c) 9.9%
d) 11.3%
Business
1 answer:
soldi70 [3.6K]1 month ago
6 0
The dividend yield is 9.9%. Explanation: The dividend yield formula is Dividend yield = Annual dividend/stock price x 100. Here, the annual dividend totals 4 ($2.10 per quarter), equivalent to $8.40, with the stock price being $85. Hence, Dividend yield = $8.40/$85 x 100 equates to roughly 9.9%.
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