Shares in Rioja Enterprises were priced at $4.45 at the beginning of the year. At the...

Shares in Rioja Enterprises were priced at $4.45 at the beginning of the year. At the end of the year the price had dropped to $4.30 and the company had paid a dividend of $0.26. What is the dividend yield?

A. 5.84%

B. -3.37%

C. 2.47%

D. -0.53%

Expert Solution

Given about Rioja Enterprises,

Price at beginning of the year = $4.45

Dividend during the year = $0.26

So, dividend yield = dividend during the year/pricing before the dividend is paid

=> Dividend yield = 0.26/4.45 = 5.84%

Option A is correct.

jeff jeffy answered 2 years ago

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