The next dividend payment by Hillside Markets will be $2.35 per share. The dividends are anticipated to

Question:

The next dividend payment by Hillside Markets will be $2.35 per share. The dividends are anticipated to maintain a 4.5 percent growth rate forever. The stock currently sells for $65 per share. What is the dividend yield?

a. 3.20 percent

b. 3.62 percent

c. 3.81 percent

d. 4.50 percent

e. 4.81 percent

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...