Answer: The dividend yield is the annual dividend payment divided by the stock's current market price, expressed as a percentage.
Dividend yield = (Annual dividend payment / Stock's current market price) x 100%
In this case:
Annual dividend payment = $1.98
Stock's current market price = $41.68
Dividend yield = ($1.98 / $41.68) x 100% = 4.75%
Therefore, the dividend yield for AT&T is 4.75%.
Explanation: