Cornware Distributing paid a dividend of $0.08, $0.21, $0.11 and $0.17 per share respectively last year. If yesterday's closing price was $35.40, what is the current yield on the stock? (Round to the nearest tenth)

Question

Quizplus · Accepted Answer

1.6%To calculate the current yield, sum the dividends paid last year ($0.08 + $0.21 + $0.11 + $0.17 = $0.57) and divide by the closing price ($35.40), then multiply by 100 to get a percentage: ($0.57 / $35.40) * 100 = 1.61%, which rounds to 1.6%.

Cornware Distributing Paid a Dividend of $0