Question

You own 150 shares of Western Feed Mills stock valued at $41.20 per share. What is the dividend yield if your annual dividend income is $372

Answer 1

6.01%

Step-by-step explanation:

Calculation for the dividend yield

Using this formula

Dividend yield=(Annual dividend income/Numbers of shares)/Amount per shares

Let plug in the formula

Dividend yield =($372/150 shares)/$41.20 per share

Dividend yield =$2.48/$41.20

Dividend yield =0.0601*100

Dividend yield =6.01%

Therefore Dividend yield will be 6.01%