Currently Baldwin is paying a dividend of $16.58 (per share). If this dividend were raised by $3.64, given its current stock price what would be the Dividend Yield? Select: 1Save Answer $20.22 8.9% $3.64 10.9%

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                                 Stock Market Summary

Company   Close Change Shares   MarketCap ($M)   Book Value    EPS    Dividend Yield    P/E

Andrews $1.00 $0.00 2,461,289 $2 $19.10 ($10.20) $0.00 0.0% -0.1

Baldwin $203.72 $73.28 1,908,475 $389 $63.83 $28.01 $19.85 9.7% 7.3

Chester $35.32 $9.33 3,490,508 $123 $26.71 $2.27 $2.39 6.8% 15.6

Digby $49.20 $9.01 3,149,499 $155 $36.95 $3.17 $0.86 1.7% 15.5

Answer:

11.5%

Explanation:

The dividend yield of Baldwin Co can be calculated by using the following formula:

Dividend Yield = (Current Dividend + Increase in Dividend) / Current Stock Value

Here

Current Dividend is $16.58 per share

Dividend Increase is $3.64 per share

Current Stock Value is $203.72

By putting values we have:

Dividend Yield = ($16.58 - $3.64) / $203.72  

Dividend Yield = $23.49 per share / $203.72

Dividend Yield = 11.5%