Question

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

Answer 1

Answer: 2.8%

Step-by-step explanation:

Dividend yield is calculated as dividend per share divided by the price per share.

Dividend per share = 255/240 = $‭1.0625‬

Dividend yield = ‭1.0625‬/ 37.92

= 2.8%