2. Global Cable paid dividends of $0.28 and $0.16 per share last year. Given yesterday's closing price was $11.27, determine the
1 answer:
Answer:
3.90%
Step-by-step explanation:
Relevant Data provided as per the question below:
Annual dividend = $0.28 and $0.16
Current per share = $11.27
According to the given situation, the calculation of the current yield of the stock is shown below:-
Current yield is
= 3.90%
Therefore for computing the current yield of the stock we simply applied the above formula.
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