Dividend yield

$$\frac{\text{DPS}\times \text{Latest shares outstanding}}{\text{Market cap}}$$

Trailing dividend yield. Cash returned to shareholders as a percentage of market cap. Shares are pulled at the latest available date (matching the basis used in market cap = latest_shares × latest_close) so the formula reduces algebraically to DPS / current price.

Direction: Higher better Category: valuation

Inputs (XBRL fallback chains):

• dividends_per_share_declared: CommonStockDividendsPerShareDeclared

Returns None when: Returns None when DPS, shares, or market cap is missing or DPS = 0.

Source code

Implementation: dividend_yield in src/eqtytrk/metrics/ratios.py (or valuation.py for multiples).