Assume a corporation has just paid a dividend of $ 3.5 per share. The dividend is expected to grow at a rate of 2.9% per year forever, and the discount rate is 6.6%.

What is the dividend yield of this stock?

Hint 1: what do the Dividend Yield and Capital Gains Yield add up to?

Hint 2: if the dividend grows at the same rate forever, what is equal to the Capital Gains Yield?

Enter your answer as a percentage, rounded to 1 decimal, and without the percentage sign. So, if your answer is 0.05678, just enter 5.7.