Question

What dividend per share would be reported in the financial press for a stock that currently has 4.5% dividend yield and the most recent stock price was $75

Answer 1

Answer: $3.38

Step-by-step explanation:

Dividend Yield of a stock refers to the dividend paid by the company expressed in terms of a percentage of the current value of the company's stock.

The Dividend therefore is;

= 75 * 4.5%

= $3.375

= $3.38