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Question 15.6: Dividend Yield On March 11, 20Y6, Sheldon Corporation had a ...

Dividend Yield

On March 11, 20Y6, Sheldon Corporation had a market price of $58 per share of common stock. For the previous year, Sheldon paid an annual dividend of $2.90 per share. Compute the dividend yield for Sheldon Corporation.

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\text{ Dividend Yield } =\frac{ \text{ Dividends per Share of Common Stock }}{ \text{ Market Price per Share of Common Stock }}

=\frac{\$  2.90}{\$  58}=0.05 , or 5 %

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