Answer:
3.13%
Explanation:
The dividend yield refers to the payment by a company to its shareholders for their shareholding divided by current stock price of the company. This is usually expressed as a percentage and can be calculated for this question as follows:
Dividend yield = Dividends per share (DPS) ÷ Market price per share (MPS) = $2.05 ÷ $65.55 = 0.0313, or 3.13%.
Answer:
The company's dividend yield equals: 3.13%
Explanation:
Let's recall the formula of the dividend yield:
Dividend yield = Annual dividend/Current stock price
Replacing with the values provided, we have:
Dividend yield = 2.05/65.55
Dividend yield = 0.0313
Dividend yield = 3.13%
Interpretation:
Dividend yield is a way to compare the level of attractiveness of any dividend-paying stock. It shows an investor the yield he/she can expect on an annual basis by purchasing a stock.
