At the end of 2013, Crane Industries Inc.'s stock price was $30.75. A year later it was $34.88. Per share dividends over the year were $0.55, while earnings per share were $1.33. What was the dividend yield in fiscal year 2014

Dividend yield = 1.6%

Explanation:

The dividend yield is an important figure that relates the dividend on a share to the current market price of the shares

Essentially, it gives an idea of how much return in percentage is earned on a stock in the course of a year.

It is calculated as

Dividend yield = dividend / market price * 100

= 0.55/34.88 * 100

= 1.6%