# At the market close on May 12 of a recent year, McDonald’s Corporation had a closing stock price of $129.51. In addition, McDonald’s Corporation had a dividend per share of$3.56 during the previous year. Determine McDonald’s Corporation’s dividend yield. Round to one decimal place.

### Financial Accounting

15th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781337272124

Chapter
Section

### Financial Accounting

15th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781337272124
Chapter 15, Problem 25E
Textbook Problem
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## At the market close on May 12 of a recent year, McDonald’s Corporation had a closing stock price of $129.51. In addition, McDonald’s Corporation had a dividend per share of$3.56 during the previous year.Determine McDonald’s Corporation’s dividend yield. Round to one decimal place.

To determine

Calculate the dividend yield for Corporation MD.

### Explanation of Solution

Dividend yield: This is the ratio which measures the amount of dividends paid relative to the market price.

Formula for dividend yield:

Dividend yield = Dividend price per share of common stockMarket price per share of common stock

Determine the dividend yield for Corporation MD, if annual dividend of common stock was $3.56 per share and market price per share of common stock was$129.51

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