Answer:
3.90%
Step-by-step explanation:
Relevant Data provided as per the question below:
Annual dividend = $0.28 and $0.16
Current per share = $11.27
According to the given situation, the calculation of the current yield of the stock is shown below:-
Current yield is
[tex]= \frac{Annual\ dividend}{Current\ share\ price} \times 100\\\\ = \frac{0.28 + 0.16}{11.27} \times 100[/tex]
[tex]= \frac{0.44}{11.27} \times 100[/tex]
= 3.90%
Therefore for computing the current yield of the stock we simply applied the above formula.
