# On October 23, Wilkerson Company had a market price of $40 per share of common stock. For the previous year, Wilkerson paid an annual dividend of$1.20. Compute the dividend yield for Wilkerson Company.

### 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 6PEB
Textbook Problem
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## On October 23, Wilkerson Company had a market price of $40 per share of common stock. For the previous year, Wilkerson paid an annual dividend of$1.20. Compute the dividend yield for Wilkerson Company.

To determine

Calculate the dividend yield for Corporation W.

### 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:

DividendÂ yieldÂ =Â DividendÂ priceÂ perÂ shareÂ ofÂ commonÂ stockMarketÂ priceÂ perÂ shareÂ ofÂ commonÂ stock

Determine the dividend yield for Corporation W, if annual dividend of common stock was $1.20 per share and market price per share of common stock was$40

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