Question

ABM Services paid a $4.15 annual dividend on a day it closed at a price of $54 per share. What

was the yield?

Answer 1

7.68%

Explanation:

The computation of the yield is shown below:

As we know that

Yield is

= Annual dividend ÷ Price per share

= $4.15 ÷ $54

= 7.68%

We simply divide the annual dividend from the price per share so that the yield could be determined

hence, the yield is 7.68%

And, the same would be relevant