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A stock quote indicates a stock price of $96 and a divident yield of 2%. The latest quarterly dividend received by stock investors must have been _____ per share.
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A stock quote indicates a stock price of $96 and a divident yield of 2%. The latest quarterly dividend received by stock investors must have been _____ per share.

User Steve Weston
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1 Answer

9 votes

Answer:

$0.48

Step-by-step explanation:

Dividend yield = Annual dividend / Current price

Where the annual dividend = $96*2% = $96*0.02 = $1.92

So, the quarterly dividend= Annual dividend/4 = $1.92/4 = $0.48. So, the latest quarterly dividend received by stock investors must have been $0.48 per share.

User Mbalire Shawal
by
3.1k points
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