Answer:
2.78%
Explanation:
You own 850 shares of western field mills stock
The stock is valued at $53.15 per share
The total annual dividend income is $1,256
Therefore, the dividend yield can be calculated as follows
Dividend yield= ($1,256/850)/53.15
= 1.4776/53.15
= 0.0278×100
= 2.78%
Hence the dividend yield is 2.78%
