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A recent stock quote for a company shows a price of $48, and a dividend yield of 8
A recent stock quote for a company shows a price of $48, and a dividend yield of 8.25 percent.
If that is the case, what is the most recent quarterly dividend paid to the shareholders?
Expert Solution
Annual dividend per share
Dividend yield = Annual dividend per share / Market price per share
0.0825 = Annual dividend per share / $48
Annual dividend per share = $48 x 0.0825
Annual dividend per share = $3.96 per share
Quarterly dividend per share
Quarterly dividend per share = Annual dividend per share / 4 Quarters
Quarterly dividend per share = $3.96 / 4 Quarters
Quarterly dividend per share = $0.99 per share
Therefore, the most recent quarterly dividend paid to the shareholders will be $0.99
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