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

Yield per share = 7.68% (Approx.)

Explanation:

Given:

Dividend paid = $4.15

Price per dividend = $54

Find:

Yield per share

Computation:

Yield per share = [Dividend paid / Price per dividend]100

Yield per share = [4.15 / 54]100

Yield per share = [0.0768]100

Yield per share = 7.68% (Approx.)