Given the information shown here for NMOP Inc., calculate the dividend yield.
• Annual dividend = $4.00
• Current market price per share = $60.00

Question

Given the information shown here for NMOP Inc., calculate the dividend yield. 
• Annual dividend = $4.00
• Current market price per share = $60.00

Quizplus · Accepted Answer

Dividend yield is calculated by dividing the annual dividend by the current market price per share and then multiplying that result by 100 to get a percentage. 
Therefore, 
Dividend yield = (Annual dividend / Current market price per share) x 100
= (4.00 / 60.00) x 100
= 0.0667 x 100
= 6.7%
So, the correct answer is A) 6.7%.

Given the Information Shown Here for NMOP Inc