### FRDividendYield (Dividend, MarketPrice)

Basic and Crystal syntax.

##### Format

`FRDividendYield(Dividend, MarketPrice)`

##### Arguments

- Dividend is a Number or formula. Dividend is the indicated annual dividend per common share.
- MarketPrice is a Number or formula. MarketPrice is the current market price of a company's common share. This information is publicly available if a company's shares are traded in a stock exchange.

##### Action

FRDividendYield returns the ratio between Dividend and MarketPrice (for example, DividendYield = Dividend / MarketPrice).

##### Typical uses

This ratio is used as an indication of the return on investment for a common share investor. It is a superficial comparison between shares of different companies. Some analysts may also want to use the same function for calculating yield for preferred share.

##### Examples

The following examples are applicable to both Basic and Crystal syntax:

`FRDividendYield(3,25)`

Returns 0.12.

`FRDividendYield(5, 80)`

Returns 0.0625.

Note: None of the arguments can be negative; you may have to check for negative values before passing the arguments.

##### Comment

FRDividendYield is one of the many financial analysis tools used in interpreting the financial position of a company. As in the case of all ratios, it has to be used with caution. It can just be used as a clue and not solid proof for forming a judgment on the financial status of a company.

Neither one of the ratios can be used alone for doing financial analysis and there are no fixed rules on the results of the ratios. Apart from differences between type of industries, result varies among different companies within the same industry and within different account periods. The results should only be used for relative comparison and trend analysis, rather than treating them as something absolute.

Seagate Software, Inc. http://www.seagatesoftware.com Please send comments to: techpubs@seagatesoftware.com