Question

the stock of a company has a current share price of $34.38 and an annual divided of $1.12. find the current yield of the stock.the current yield is approximately what %

Answer 1

Given:

Current share price is $34.38

Annual divident is $1.12

Let 'x' be the percentage yield.

`\begin{gathered} 1.12=34.38*(x)/(100) \\ (1.12*100)/(34.38)=x \\ 3.2577=x \\ x=3.26\text{ \%} \end{gathered}`

Therefore, current yield of the stock is 3.26%