Use the data in the stock table to estimate the current yield for T-Shirts Galore (TG). Round your answer...
1. Use the data in the stock table to estimate the current yield for T-Shirts Galore (TG). Round your answer to nearest tenth of a percent.
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info@snapandsolve.comThe current yield can be calculated using the formula: Yield = (Dividend per Share / Price per Share) * 100. The dividend amount is 0.36 and the last price is 19.29. Thus, Yield = (0.36 / 19.29) * 100 ≈ 1.9%. Therefore, the current yield is approximately 1.9%.
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