Answer:
5.23%
Explanation:
The formula and the computation of the dividend yield is shown below:
Dividend yield = (Annual dividend per share) ÷ (market price) × 100
where,
Market price = $48.70 per share
Annual dividend = $2.55 per share
So, the dividend yield = ($2.55 per share ÷ $48.70 per share) × 100
= 5.23%
It shows a relationship between the annual dividend by the market price so that the dividend yield can come
