Fortunade Corporation stock has a price of $100 per share,a dividend of $1.60 per share,and retained earnings of $2.00 per share.The dividend yield on this stock is
A)2.8 percent.
B)2.0 percent.
C)1.6 percent.
D)0.4 percent.

Question

Quizplus · Accepted Answer

The dividend yield is calculated by dividing the annual dividend per share by the price per share. Here, $1.60 / $100 = 0.016, or 1.6 percent.

Fortunade Corporation Stock Has a Price of $100 Per Share,a