Question

You purchased 500 shares of Barden Enterprises stock for $55.43 per share at the beginning of the year. The stock is currently priced at $57.48 per share. What is your dividend yield if you received total dividends of $835 over the year?

Answer 1

Dividend yield is 2.91 %.

Step-by-step explanation:

Dividend yield = Annual Dividend per Share / Stock Price per Share × 100

where,

Annual Dividend per Share = Total Dividends ÷ Total Number of Shares

= $835 ÷ 500

= $1.67

then,

Dividend yield = $1.67 / $57.48 × 100

= 2.905 or 2.91 %