Over the last year, Calzone Corporation paid a quarterly dividend of $0.10 in each of the four quarters. The current stock price of Calzone Corporation is $39.78. What is the dividend yield for Calzone stock?
The dividend is paid out of the net income to the shareholders for their investment in the company's equity. The dividend yield is a ratio that measures the proportion of the dividend paid relative to the market price per share. A company that has a high dividend yield usually has a higher payout ratio which indicates that not much of its net income is retained.
Answer and Explanation:
Calzone Corporation's stock's dividend yield is 1.01%.
Calzone Corporation has shared the following information for last...
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fromChapter 2 / Lesson 10