Currently Digby is paying a dividend of $3.60 (per share). If this dividend were

Question

Currently Digby is paying a dividend of $3.60 (per share). If this dividend were raised by $3.64, given its current stock price what would be the Dividend Yield?

$7.24

Select: 1 8.7% $3.64 17.5%

$7.24

Stock Market Summa MarketCap Book Value EPS Dividend Company Andrews Baldwin Chester Close Change Shares Yield PIE (SM) 550 5148 5316 5141 8.1% 1.0% 77% 8.7% 103.5 14.2 7.2 12.0 (S0.24) 53.33 S47.14 5171.27 541.46 524.71 (542.55) 2,022,519 9.78 3,145,179 S59.30 1848,247 S13.69 3,394,597 S40.40 535.75 S80.35 S2.00 0.47 S13.18 3.60 S23.81 3.45

Explanation / Answer

Dividend = $3.60

Current stock price = $41.46

Dividend yield = Dividend / current stock price

= 3.60 / 41.46

= 8.7%

If dividend raised by $3.64

Dividend = $7.24 (3.60+3.64)

Current stock price = $41.46

Dividend yield = Dividend / current stock price

= 7.24 / 41.46

= 17.5%

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.