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bmm industries pays a dividend of $1.60 per quarter. the dividend yield on its stock is reported at 4.40%. what is the stock price?

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The stock price is $68.75 when BBM industries pay a quarterly dividend of $1.60  and the dividend yield on its stock is reported at 4.40%.

What is Dividend?

A dividend is a payment made by a corporation to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and might take the form of cash payments or stock reinvestments.

Calculation;

We know the formula of dividend yield which is given below;

Dividend yield = (Quarterly dividend x 4) / Price

Dividend yield=4.40%.

Quarterly dividend=$1.60

4.40%=$1.60 x 4/ Price

4.40%=6.4/Price

Price=4.40%/6.4

Price=4.40 x 100/6.4

Stock Price=$68.75

Hence, the stock price is $68.75

For more questions like Dividends click the link below:

https://brainly.com/question/14254149

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