Saunders and Flimsy Partnership paid dividends of $0.27 and $0.15 per share last year. If yesterday's closing price was $12.27, what is the current yield on the stock? (Round to the nearest tenth)

Question

Quizplus · Accepted Answer

The current yield is calculated by dividing the annual dividend by the current stock price. In this case, the annual dividend is $0.27 + $0.15 = $0.42. The current stock price is $12.27. Therefore, the current yield is $0.42 / $12.27 = 3.4%.

Saunders and Flimsy Partnership Paid Dividends of $0