Question

The dividend for LL Group is $2.10 and the highest stock price is $60.15. What is the
highest dividend yield for LL Group?
a) 3.49%
b) 5.16%
c) 6.17%
d) 8.19%
Answer
Submit​

Answer 1

The highest dividend yield for LL Group, if the dividend is $2.10 and the highest stock price is $60.15, is option (a): 3.49%

Explanation:

The dividend for the LL Group = $ 2.10

The highest stock price = $ 60.15

• The dividend yield basically is the measure of the income one gets to earn by holding a stock.  

• This is given by the cash dividend per share upon the market price per share multiplied by 100% i.e.,

Dividend Yield = $\frac{Cash dividend per share}{market price per share}$ * 100%

Thus by substituting the given values in the formula, we get

The highest dividend yield for LL Group as,

= [2.10/60.15] *100

= 0.0349 * 100

= 3.49%

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