QS 1125 (Algo) Dividend yield LO A1 Foxburo Company expects to pay a $2.43 per share cash dividend this year on its common stock. The current market value of Foxburo stock is $30.00 per share. Compute the expected dividend yield If a competitor with a dividend yield of 3% is considered an income stock, would we classify Foxburo as a growth or an income stock? Compute the expected dividend yield. If a competitor with a dividend yield of 3% is considered an income stock, would we classify foxburo as a growth or an income stock