The next dividend payment by Delta will be $2.65 per share. The dividends are anticipated to maintain a growth rate of 6.5 percent forever. Assume the stock currently sells for $48.90 per share. What is the dividend yield? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Dividend yield %

Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter7: Corporate Valuation And Stock Valuation
Section: Chapter Questions
Problem 18MC
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The next dividend payment by Delta will be $2.65 per share. The dividends are anticipated to maintain a growth rate of 6.5 percent
forever. Assume the stock currently sells for $48.90 per share.
What is the dividend yield?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
Dividend yield
%
Transcribed Image Text:The next dividend payment by Delta will be $2.65 per share. The dividends are anticipated to maintain a growth rate of 6.5 percent forever. Assume the stock currently sells for $48.90 per share. What is the dividend yield? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Dividend yield %
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