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16 September, 15:40

Becky martinez paid $65 a share for stock in gbx corporation. the stock has a current market value of $48 a share and pays $1.60 a year in dividends per share. what is the dividend yield rounded to the nearest tenth of a percent?

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  1. 16 September, 17:10
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    Dividend Yield ratio is calculated as percentage by dividing the Dividend per share by Market price per share. The formula for the Dividend Yield ratio is as follow:

    Dividend Yield = Dividend per share / Market Price per share

    We are given:

    Dividend per share = $1.60

    Market Price per share = $48

    Hence, Dividend Yield = 1.60 / 48 = 0.033 = 3.3%
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