You purchased 100 shares of stock at a price of $35.72 per share.Over the last year,you have received total dividend income of $312.What is the dividend yield?
A)3.2%
B)4.4%
C)8.7%
D)9.2%
E)11.4%

Question

Quizplus · Accepted Answer

The dividend yield is calculated as (Total Dividend Income / Total Investment) * 100. Total investment is 100 shares * $35.72 = $3572. Dividend yield = ($312 / $3572) * 100 = 8.7%.

You Purchased 100 Shares of Stock at a Price of $35.72