The stock price is 84.12 and that the dividend yield is 3.8%. Since dividends are paid quarterly, you want to find the annual dollar amount for the dividend (using the given material) and then divide by four.© BrainMass Inc. brainmass.com October 1, 2020, 9:44 pm ad1c9bdddf
The explanation is referring to the dividend yield formula. The formula for dividend yield is :
Dividend yield = ...
This solution calculates a quarterly dividend amount using the dividend yield formula. The stock price dividends which are paid quarterly are determined.