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faust18 [17]
3 years ago
11

You purchased 500 shares of Barden Enterprises stock for $55.43 per share at the beginning of the year. The stock is currently p

riced at $57.48 per share. What is your dividend yield if you received total dividends of $835 over the year?
Business
1 answer:
krok68 [10]3 years ago
4 0

Answer:

Dividend yield is 2.91 %.

Explanation:

Dividend yield = Annual Dividend per Share / Stock Price per Share × 100

<em>where,</em>

Annual Dividend per Share = Total Dividends ÷ Total Number of Shares

                                              = $835 ÷ 500

                                              = $1.67

<em>then,</em>

Dividend yield = $1.67 / $57.48 × 100

                        = 2.905 or 2.91 %

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