A dividend of 24 toea per share is paid on oil search shares with a market value of K3.25 and a face value of K1.60 . The percentage yield is ?

To calculate the percentage yield, we first need to determine the dividend yield and then add it to the capital gain yield.

Dividend Yield = Dividend per share / Market value per share
Dividend Yield = 24 toea / K3.25 = 0.0738 or 7.38%

Capital Gain Yield = (Market value per share - Face value per share) / Face value per share
Capital Gain Yield = (K3.25 - K1.60) / K1.60 = 1.03125 or 103.125%

Percentage Yield = Dividend Yield + Capital Gain Yield
Percentage Yield = 7.38% + 103.125% = 110.505%

Therefore, the percentage yield on Oil Search shares is 110.505%.

Dividend per share = 24 toea
Market value per share = K3.25
Face value per share = K1.60
Percentage yield= (Dividend per share/ Market value per share) x 100
= (24/ 325) x 100
= 7.38%