Question

You own 850 shares of Western Feed Mills stock valued at $53.15 per share. What is the dividend yield if your total annual dividend income is $1,256

Answer 1

Answer:

2.78%

Explanation:

You own 850 shares of western field mills stock

The stock is valued at $53.15 per share

The total annual dividend income is $1,256

Therefore, the dividend yield can be calculated as follows

Dividend yield= ($1,256/850)/53.15

= 1.4776/53.15

= 0.0278×100

= 2.78%

Hence the dividend yield is 2.78%