kittylove5990 kittylove5990

21-11-2022
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you purchased 240 shares of stock at a price of $37.92 per share. over the last year, you have received total dividend income of $255. what is the dividend yield? multiple choice 1.1% 6.7% 2.8% 7.1% 16.1% question 1 of 10 total 1 of 10 mcgraw hill

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jaiswaljyoti jaiswaljyoti

29-11-2022

Dividend yield is 28%.

Dividend yield is calculated as dividend per share divided by the price per share. Dividend per share = 255/240 = $‭1.0625‬Dividend yield = ‭1.0625‬/ 37.92= 2.8%

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