What is the dividend yield on stock

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Reference no: EM131917971

Mardt's, Inc. just announced that they will be paying a $1.80 per share as an annual dividend next year and that the dividends will then be increasing by 2.5% annually thereafter. The common stock of Mardt's is currently selling at $18.95 a share. What is the dividend yield on this stock?

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Reference no: EM131917971

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