Mary owns stock in J&R Construction Company. Last year, each share of stock was worth $139.71 and

paid an annual dividend of $2.19. What was J&R's dividend yield?

1.57%

Explanation:

The dividend yield is the proportion of a business's yearly dividend compared to its share price. The dividend yield is expressed as a percentage. It is calculated using the formula below.

Dividend Yield = Annual Dividend/Share Price x 100

For Mary, the dividend yield will be

= $2.19. / $139.71 x 100

=0.0156753 X 100

=1.5675

=1.57%