The stock of a fast-food restaurant chain pays a dividend of $0.64. If the share price for this company is $35.89, what is the dividend yield (as a percent) for the stock? (Round your answer to one decimal place.)
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Dividend yield is calculated as:
Dividend Yield = (Dividend per share / Share price) x 100
Dividend Yield = ($0.64 / $35.89) x 100
Dividend Yield = 0.0178 x 100
Dividend Yield = 1.78%
Therefore, the dividend yield for the stock is 1.8%.