Dividend Yield

The market price for Macro Corporation closed at $40.54 and $34.50 on December 31, current year, and previous year, respectively. The dividends per share were $0.60 for current year and $0.69 for previous year.

a. Determine the dividend yield for Macro on December 31, current year, and previous year. Round percentages to two decimal places.

Current year	%
Previous year	%

b. The dividend yield from the previous year to the current year. This is a result of a(n) in the dividend relative to stock price.