MIN Corporation stock is currently selling for $52 a share,and it pays a quarterly dividend of $0.75.What is the dividend yield on MIN Corporation?

Question

Quizplus · Accepted Answer

The dividend yield is calculated as the annual dividend payment divided by the current stock price.

First, we need to convert the quarterly dividend to an annual dividend:
Annual dividend = Quarterly dividend * 4 = $0.75 * 4 = $3

Next, we can calculate the dividend yield:
Dividend yield = Annual dividend / Stock price = $3 / $52 = 0.0577

To convert this to a percentage, we multiply by 100:
Dividend yield = 5.77%

Therefore, the correct answer is choice C, 5.8 percent.

MIN Corporation Stock Is Currently Selling for $52 a Share,and