Question

A stock that pays an annual dividend of $0.69 per share has a current price of $30.00. Find the dividend yield. Round to the nearest hundredth of a percent. %

Answer 1

`\text{Dividened yield = }\frac{annual\text{ dividened per share}}{\text{current share price}}`

Therefore,

`dividened\text{ yield=}(0.69)/(30)=0.023*100=2.30\text{ \%}`