The latest quarterly dividend received by stock investors must have been per share is $3.4 per share.
A dividend is a distribution of earnings through an employer to its shareholders. when an employer earns an income or surplus, it may pay a proportion of the income as a dividend to shareholders. Any quantity now not dispensed is taken to be re-invested within the commercial enterprise.
1) Stock price = $85
Dividend yield = 4%
Dividend = Stock price * Dividend yield
Dividend = 85 * 0.04
Dividend = $3.4 per share
2) Taxable yield = Bond yield * (1 - tax rate)
Taxable yield = 6.50% * (1 - 0.28)
Taxable yield = 0.0468
Taxable yield = 4.68%
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