Question

You’ve collected the following information from your favorite financial website.

52-Week Price		Stock (Div)	Div Yld %	PE Ratio	Close Price	Net Chg
Hi	Lo
77.40	10.43	Palm Coal .36	2.6	6	13.90	–.24
56.21	33.82	Lake Lead Grp 1.94	4.8	10	40.83	–.01
130.93	69.50	SIR 2.00	2.2	10	88.97	3.07
50.24	13.95	DR Dime .80	5.2	6	15.43	–.26
35.00	20.74	Candy Galore .32	1.5	28	??	.18

Find the quote for the Lake Lead Group. Assume that the dividend is constant.
a.	What was the highest dividend yield over the past year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
b.	What was the lowest dividend yield over the past year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Answer 1

Dividend = divdend yield * price = 4.8% * 40.83 = 1.9598
Highest dividend yield = Dividend per share / 52 week low price
= 1.9598 / 33.82
= 5.79%

Lowest dividend yield = Dividend per share / 52 week high price
= 1.9595 / 56.21
= 3.49%