At the market close on February 19, 2010, McDonalds Corporation had a closing stock price of $64.74.

Question:

At the market close on February 19, 2010, McDonald’s Corporation had a closing stock price of $64.74. In addition, McDonald’s Corporation had a dividend per share of $2.05 over the previous year.

Determine McDonald’s corporation’s dividend yield. (Round to one decimal place.)

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...