I'm learning more about stocks and I have a question about dividend stocks with a high yield. To my understanding “yield” is the dividend amount divided by what you payed for the stock. So For example if you pay $20 for one share and the dividend is $1 then the yield is 5%.
I'm trying to play wall street survivor so I'm looking up high yield dividend stocks. HYG comes up on a list and they're trading at $78.68 with a dividend of .3336 monthly. The yield is 4.433 but if I divide .3336 by 78.68 I don't get that yield. Do you do .3336 x 12 months then divide by the stock price to get the yield or am I reading the chart wrong? https://app.wallstreetsurvivor.com/trading/equities
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