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Dividend Yield The market price for Macro Corporation closed at $54.03 and $75 on December 31,...

Dividend Yield The market price for Macro Corporation closed at $54.03 and $75 on December 31, current year, and previous year, respectively. The dividends per share were $0.67 for current year and $0.75 for previous year. Determine the dividend yield for Macro on December 31, current year, and previous year. Round percentages to two decimal places.

Current year %

Previous year %

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Answer #1

Dividend yield can be calculated by dividing annual dividend by current stock price

Dividend yield for current year

Dividend for current year = 0.67

Stock price-: $54.03

Dividend yield for current year-: 1.24%

Dividend yield for previous year

Dividend for current year -: $0.75

Stock price-: $75

Dividend yield for previous year-: 1.00%

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