Question

You purchased one share of Best Buy CO., Inc for $52.33 per share. The company paid...

You purchased one share of Best Buy CO., Inc for $52.33 per share. The company paid a dividend of $3.47 per share during the year, and had an ending share price of $63.11. What is the dividend yield?

Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box.

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Answer #1

Dividend yield =Dividend paid/Purchase price

Dividend yield =3.47/52.33

Dividend yield =6.63%

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