Question

Chester Stock Market Summary Close: $41.67 Change: $5.54 Share: 2,691,904 Market Cap: $112 Book Value $22.16...

Chester Stock Market Summary

Close: $41.67

Change: $5.54

Share: 2,691,904

Market Cap: $112

Book Value $22.16

EPS $3.69

Dividend $2.53

Yield 6%

P/E 11.30

Currently Chester is paying a dividend of $2.53 (per share). If this dividend were raised by $3.64, given its current stock price what would be the Dividend Yield?

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Answer #1

Dividend per share $2.53

If Dividend increases by $3.64 the Dividend yield would increase by

annual dividend per share divided by the stock's price per share

($2.53+3.64)/41.67 = 14.81%

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