Sweet Tooth Confections paid its shareholders a dividend of

Sweet Tooth Confections paid its shareholders a dividend of $1.32 per share in the last quarter and $6.73 per share in the last year. The market price per share of Sweet Tooth Confections is currently $75.63. Calculate the stock’s trailing dividend yield. Answer is 8.90% How do I figure it out?

Solution

A trailing dividend yield shows a company\'s actual dividend payments relative to its share price over the previous 12 months.

Just Calculate yearly dividend(6.73) is what percentage of share price (75.63)

Answer would be

6.73/75.63 *100 = 8.9 %