At the market close on December 30, 2011, Bank of Montreal had a closing share price of

Question:

At the market close on December 30, 2011, Bank of Montreal had a closing share price of $55.88. In addition, Bank of Montreal had a dividend per share of $2.80.

Determine Bank of Montreal's dividend yield. (Round to one decimal place.)

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...