Given:
Current share price is $34.38
Annual divident is $1.12
Let 'x' be the percentage yield.
[tex]\begin{gathered} 1.12=34.38\times\frac{x}{100} \\ \frac{1.12\times100}{34.38}=x \\ 3.2577=x \\ x=3.26\text{ \%} \end{gathered}[/tex]Therefore, current yield of the stock is 3.26%
