ou find a stock selling for $85.36 that has a dividend yield of 1.35 percent. What...
ou find a stock selling for $85.36 that has a dividend yield of 1.35 percent. What was the last quarterly dividend paid? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Homework Answers
dividend yield = 1.35%
Annual dividend/Po *100 = 1.35%
OR,
the most recent quarterly dividend *4 /Po * 100 = 1.35
recent quarterly dividend /$85.36 * 100 = 1.35/4
Therefore, the last quarterly dividend is $0.2881 = $0.29(rounded off) to two decimal places)
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