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The annual dividend on Harvest inc. stock is $4 per share and the stock's prevailing price...

The annual dividend on Harvest inc. stock is $4 per share and the stock's prevailing price is $98 per share. What is the stock's dividend yield?

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Answer #1
Solution:
The stock's dividend yield = 4.08%
Working Notes:
Dividend Yield = Annual dividend/Current price
Annual dividend = $4
Current price = $98
Dividend Yield = Annual dividend/Current price
=$4/$98
=0.040816323653
=4.081632 %
=4.08 %
Hence, The stock's dividend yield = 4.08% or 4% or 0.0408
Please feel free to ask if anything about above solution in comment section of the question.
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