Answer:
Dividend yield is decreased by 0.27%
Explanation:
In this question, we have to find out the dividend yield which is shown below:
In the first case:
Market price = $31 per share
Annual dividend = $0.60 per share
So, the dividend yield = ($0.60 per share ÷ $31 per share) × 100
= 1.94%
In second case:
Market price = $36 per share
Annual dividend = $0.60 per share
So, the dividend yield = ($0.60 per share ÷ $36 per share) × 100
= 1.67%
By comparing these two cases, we get to know that the dividend yield is decreased by 0.27% (1.94% - 1.67%)
