At the end of fiscal year 2011,Crane Industries,Inc.'s stock price was $30.75.A year later it was $34.88.Per share dividends over the year were $0.55,while earnings per share were $1.33.What was the dividend yield in fiscal year 2012?
A) 1.79%
B) 4.33%
C) 13.43%
D) 15.22%
E) 17.76%
F) None of the above.

Question

Quizplus · Accepted Answer

The dividend yield is calculated as the annual dividends per share divided by the stock price at the beginning of the year. So, $0.55 / $30.75 = 0.0179 or 1.79%.

At the End of Fiscal Year 2011,Crane Industries,Inc