A corporation paid a cash dividend of $0.07 per share during the current year. It had 550,000 ordinary shares outstanding at year-end, its current year's earnings per share was $3.85, and the share's year-end market price was $17.50 per share. Calculate the company's dividend yield.

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The Answer of A corporation paid a cash dividend of $0.07 per share during the current year. It had 550,000 ordinary shares outstanding at year-end, its current year's earnings per share was $3.85, and the share's year-end market price was $17.50 per share. Calculate the company's dividend yield.

A Corporation Paid a Cash Dividend of $0