The next dividend payment by HG Enterprises will be $3.60 per share with future increases of 3.5 percent annually. The stock currently sells for $36.57 per share. What is the dividend yield?
(Enter your answer in DECIMAL (not in percent). For example, if the result of your calculation is 1.23%, enter 0.0123)
(Round your answer to the nearest thousands (upto three decimal places). i.e. if your answer is 1234.56789, enter 1234.568)