Question: The next dividend payment by Delta will be $ 2 . 9 0 per share. The dividends are anticipated to maintain a growth rate of

The next dividend payment by Delta will be $2.90 per share. The dividends are anticipated to maintain a growth rate of 7.75 percent forever. Assume the stock currently sells for $49.40 per share.
What is the dividend yield?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
The next dividend payment by Delta will be $2.90 per share.

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