Answer to Question #102714 in Financial Math for Katie Morales

Question #102714

Ovit, Inc. has preferred stock with a price of $ 19.55 and a dividend of $ 1.35 per year. What is its dividend yield?

The dividend yield is
__%. (Round to one decimal place.)

Expert's answer

Dividend Yield = Annual Dividend/Share Price = 1.35/19.55 = 0.069 =6.9%

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