Problem:
You purchased 480 shares of stock at a price of $42.72 per share. Over the last year, you have received total dividend income of $555.
Required:
Question: What is the dividend yield?
- 13.0 percent
- 2.7 percent
- 62.4 percent
- 15.0 percent
- 1.2 percent
Note: Please show how you came up with the solution.