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AnnyKZ [126]
3 years ago
14

On June 30, Setzer Corporation had a market price of $14 per share of common stock. For the previous year, Setzer paid an annual

dividend of $0.98. Compute the dividend yield for Lucas Corporation. %
Business
1 answer:
MArishka [77]3 years ago
5 0

Answer:

Dividend Yield = 7%

Explanation:

<em>The dividend yield is the proportion of the market price that is earned as dividend. The higher the dividend yield the better for the investor.</em>

<em>The dividend yield is calculated as follows:</em>

Dividend yield = Dividend paid /market price per share × 100

= 0.98/14×100 =7 %

Dividend Yield = 7%

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