S 11-23 Dividend yield LO A3 Foxburo Company expects to pay a $3.16 per share cash dividend this year on its common stock. The current market value of Foxburo stock is $40.00 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? Complete this question by entering your answers in the tabs below. Dividend Yield Dividend Classification Compute the expected dividend yield. Dividend Yield Choose Denominator: Choose Numerator: 1 Dividend Yield Dividend Yield 1 Dividend Yield Dividend Classification >