Ask Question
6 February, 19:00

Francisca purchased 425 shares of Kellogg Company stock at $14.15 apiece. She earns $374.00 in dividends every year. What is the yield on Francisca's Kellogg Company stock?

+1
Answers (1)
  1. 6 February, 19:15
    0
    Her yield on cost is 6.22%.

    This is found by dividing the dividend per share by the cost per share. Since she earned $374 on 425 shares, her dividend per share is 374/425=$0.88. Divide this by the cost per share:

    0.88/14.15 = 0.06219 ≈ 6.22%.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Francisca purchased 425 shares of Kellogg Company stock at $14.15 apiece. She earns $374.00 in dividends every year. What is the yield on ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers