The Next Dividend Payment by Hillside Markets Will Be $2

Multiple Choice

The next dividend payment by Hillside Markets will be $2.35 per share.The dividends are anticipated to maintain a 4.5 percent growth rate forever.The stock currently sells for $65 per share.What is the dividend yield?

A) 3.20 percent
B) 3.62 percent
C) 3.81 percent
D) 4.50 percent
E) 4.81 percent