The stock of Pepito Organic Foods is priced at $45 per share and has a dividend yield of 2.2 percent. The firm pays constant annual dividends. What is the amount of the next dividend per share? Multiple Choice $1.72 $1.15 $0.91 $1.10 $0.99
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The dividend yield is calculated by dividing the annual dividend per share by the stock price. Dividend Yield = Annual Dividend per Share / Stock Price We are given that the dividend yield is 2.2 percent, which can be written as 0.022 in decimal form. 0.022 = Show more…
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