Use the information below to solve for the dividend yield for Lowes.
A) 1.9%
B) 1.4%
C) 2.6%
D) 0.9%
E) None of the above.

Question

Use the information below to solve for the dividend yield for Lowes. 
A) 1.9% 
B) 1.4% 
C) 2.6% 
D) 0.9% 
E) None of the above.

Quizplus · Accepted Answer

To calculate dividend yield, we need the annual dividend per share and the current stock price. According to the information provided in the code, Lowes has a dividend payout of $2.20 per share and a current stock price of $116.14 per share.

Dividend Yield = (Annual Dividend per Share / Current Stock Price) x 100%
Dividend Yield = ($2.20 / $116.14) x 100%
Dividend Yield = 0.01897 x 100%
Dividend Yield = 1.897%

Therefore, the answer is A) 1.9%.

Use the Information Below to Solve for the Dividend Yield