Currently Chester is paying a dividend of $1.73 (per share). If this dividend st

Question

Currently Chester is paying a dividend of $1.73 (per share). If this dividend stayed the same, but the stock price rose by 10% what would be the dividend yield? Select: 1 3.55% 22.57% 5.76% 4.43% Stock Market Summary Shares Marketcap (SM) Book Value EPSDividend Company Andrews Baldwin Chester Digby Change Yield P/E Close $73.95 ($1.14 $35.49 $13.88 3,368,546 $152 50.48 $304$54.76 $120 $26.47 $136 $34.98 $2.42 $21.76 $2.83 $2.73 $0.00 $15.76 $1.73 $0.38 0.0% 9.7% 4.9% 0.9% 30.5 7.5 12.5 15.9 )2,051,031 $56.97 1,869,956 $162.49 $43.40 10.00 3,143,832

Explanation / Answer

dividend yield = dividend/stock price

Dividend for Chester = $1.73 per share

Current closing price = $35.49

Stock price next year = current price*(1+10%)

= 35.49*1.1

= 39.04

Thus dividend yield for next year = 1.73/39.04

= 4.43%

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