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23 August, 17:58

Mary owns stock in J&R Construction Company. Last year, each share of stock was worth $139.71 and

paid an annual dividend of $2.19. What was J&R's dividend yield?

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  1. 23 August, 21:58
    0
    1.57%

    Explanation:

    The dividend yield is the proportion of a business's yearly dividend compared to its share price. The dividend yield is expressed as a percentage. It is calculated using the formula below.

    Dividend Yield = Annual Dividend/Share Price x 100

    For Mary, the dividend yield will be

    = $2.19. / $139.71 x 100

    =0.0156753 X 100

    =1.5675

    =1.57%
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