One share of Kimco's common stock pays an annual dividend of $1.43.Today,Kimco closed at $19.09 with a net change of +0.72.The stock yield at yesterday's closing price is about 8%.

Question

Quizplus · Accepted Answer

To calculate the stock yield:

Stock yield = (Annual dividend / Stock price) * 100

At yesterday's closing price ($19.09), the stock yield would be:

Stock yield = (1.43 / 19.09) * 100
Stock yield = 7.48%

Since the stock's net change today was +0.72 and the dividend amount has not changed, it can be assumed that the stock yield at yesterday's closing price of $19.09 would still be approximately 8%. Therefore, the statement is true.

One Share of Kimco's Common Stock Pays an Annual Dividend