McDonald's Corp (MCD)stock is selling for $156.21 per share. They offer a dividend of $5.22 per share. What is the stock yield? (Round to nearest tenth percent.)

Question

Quizplus · Accepted Answer

The stock yield is calculated by dividing the annual dividend per share by the price per share and then converting that number into a percentage. So, for McDonald's Corp, the calculation would be $5.22 / $156.21 = 0.0334, which when converted into a percentage and rounded to the nearest tenth, gives 3.3%.

McDonald's Corp (MCD)stock Is Selling for $156