Resorts Corp. common stock is selling for $36.75 a share and has a dividend yield of 2.3 percent. What is the dividend amount?

Annual Dividend = $0.85

Explanation:

Dividend yield = Annual Dividend / Current price

2.3% = Annual Dividend / $36.75

0.023 x $36.75 = Annual Dividend

Annual Dividend = $0.85

Dividend yield =Dividend / existing market price

2.3% = Dividend / $36.75

0.023 x $36.75 = Dividend

Therfore the Annual Dividend is $0.85

Explanation:

Dividend yield is the return an investor can receive by investing in a dividend paying stock.

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