Dividend Yield vs Share Price

 As you known,

 

Assuming Dividend ($) is fixed. For 1% drop in Share Price ($),

 

So, for n% drop in Share Price, Dividend Yield (%) will increase 

For example, if dividend yield is 5%, assume dividend ($) is fixed, a 1% drop in share price will increase dividend yield of 0.05% . For a 7% drop in share price, the dividend yield will increase by 0.38%

As shown below, for a share to increase dividend yield from 5% to 6%, the share price need to fall more than 16%!