A company's stock is selling for $35.70 per share at year-end. This current year it paid shareholders a $1.43 per share cash dividend, reported earnings per share of $11.00, and had 750,000 common shares outstanding at year-end. Calculate the company's dividend yield.
What will be an ideal response?
Dividend Yield = Cash Dividend per Share/Market Price per Share
Dividend Yield = $1.43/$35.70 = 4%
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