Question

You’ve collected the following information from your favorite financial website. 52-Week Price Stock (Div) Div Yld % PE Ratio Close Price Net Chg Hi Lo 77.40 10.43 Palm Coal .36 2.6 6 13.90 –.24 56.66 34.27 Lake Lead Grp 2.39 5.8 10 41.28 –.01 130.93 69.50 SIR 2.00 2.2 10 88.97 3.07 50.24 13.95 DR Dime .80 5.2 6 15.43 –.26 35.00 20.74 Candy Galore .32 1.5 28 ?.18 Find the quote for the Lake Lead Group. Assume that the dividend is constant.

Answer 1

Answer:

6.974% and 4.218%

Explanation:

The computation is shown below:

Here we use the 52-week low stock price

The Highest dividend yield is

= Dividend ÷ Stock price

= 2.39 ÷ 34.27

= 6.974%

The Lowest dividend yield is

= Dividend ÷ Stock price

= 2.39 ÷ 56.66

= 4.218%

We simply applied the above formula so that we can determine highest and lowest dividend yield