Matt Company paid out $2.30 in dividends per share during 20B.The market price of the share on December 31,20B was $21.00 per share.There were 15,000 shares of share outstanding for the entire year.What was the dividend yield as of December 31,20B?
A)9.13%
B)10.95%
C)16.43%
D)913.04%

Question

Quizplus · Accepted Answer

Dividend Yield = (Dividends per share / Market price per share) x 100%
Dividends per share = $2.30
Market price per share = $21.00

Dividend Yield = ($2.30 / $21.00) x 100% = 10.95%

Therefore, the correct answer is B.

Matt Company Paid Out $2