A manufacturing company pays an annual dividend of $4.16 and lists a closing price of $130. What is the current percent yield?

Question

Quizplus · Accepted Answer

To calculate the current percent yield, we use the formula:

Current Percent Yield = (Annual Dividend / Current Stock Price) x 100

Substituting the given values, we get:

Current Percent Yield = (4.16 / 130) x 100
Current Percent Yield = 0.032 x 100
Current Percent Yield = 3.2%

Therefore, the correct answer is C) 3.2%.

A Manufacturing Company Pays an Annual Dividend of $4