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the stock of a company has a current share price of $34.38 and an annual divided of $1.12. find the current yield of the stock.the current yield is approximately what %

Sagot :

Given:

Current share price is $34.38

Annual divident is $1.12

Let 'x' be the percentage yield.

[tex]\begin{gathered} 1.12=34.38\times\frac{x}{100} \\ \frac{1.12\times100}{34.38}=x \\ 3.2577=x \\ x=3.26\text{ \%} \end{gathered}[/tex]

Therefore, current yield of the stock is 3.26%

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