Question

ABM Services paid a $4.15 annual dividend on a day it closed at a price of $54 per share. What

was the yield?

Answer 1

the yield is 7.68%

Explanation:

The calculation of the yield is given below:

we know that

Yield is

= Annual dividend ÷ Price per share

= $4.15 ÷ $54

= 7.68%

Here we divide the annual dividend by the price per share in order to determine the yield

hence, the yield is 7.68%

And, the same would be considered