Question

Sunland Company reported a net profit of $8.15 per share and a dividend of $3.50 per share. If you buy shares of the stock at $94.85 per share, what is your dividend yield

Answer 1

The answer is "
`3.69\%`"

Step-by-step explanation:

Dividend Share
`= \$3.50`

stock purchasing Price
`= 94.85`

`\text{Dividend yield} = (Dividend)/(Purchase price)\\\\`

`=(3.50)/(94.85)\\\\=0.036900369 \approx 3.69\%`