The dividend yield of a company that paid $0.76 in cash dividends per share is equal to 2.87%.
Given the following data:
- Earnings per share, EPS = $4.48.
- Market price per share = $26.50.
What is EPS?
EPS is an acronym for earnings per share and it can be defined as the portion of a business firm's profit that is allocated per outstanding share of common stock of the business firm, so as to serve as a profitability indicator.
In Business management, the dividend yield of a business firm can be calculated by using this formula:
Dividend yield = Cash dividends/Market price per share × 100
Dividend yield = $0.76/$26.50 × 100
Dividend yield = 0.0287 × 100
Dividend yield = 2.87%.
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