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Becky martinez paid $65 a share for stock in gbx corporation. the stock has a current market value of $48 a share and pays $1.60 a year in dividends per share. what is the dividend yield rounded to the nearest tenth of a percent?

Respuesta :

Dividend Yield ratio is calculated as percentage by dividing the Dividend per share by Market price per share. The formula for the Dividend Yield ratio is as follow:

Dividend Yield = Dividend per share / Market Price per share

We are given:

Dividend per share =$1.60

Market Price per share =$48

Hence, Dividend Yield = 1.60 /48 = 0.033 = 3.3%

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