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zmey [24]
3 years ago
13

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

end income is $1,256
Business
1 answer:
Gnesinka [82]3 years ago
8 0

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%

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