Please answer the given financial question based on the context.
Context: marathon oil corporation notes to consolidated financial statements stock-based performance unit awards 2013 during 2018 , 2017 and 2016 we granted 754140 , 563631 and 1205517 stock- based performance unit awards to officers . at december 31 , 2018 , there were 1196176 units outstanding . total stock-based performance unit awards expense was $ 13 million in 2018 , $ 8 million in 2017 and $ 6 million in 2016 . the key assumptions used in the monte carlo simulation to determine the fair value of stock-based performance units granted in 2018 , 2017 and 2016 were: .
||2018|2017|2016|
|valuation date stock price|$ 14.17|$ 14.17|$ 14.17|
|expected annual dividend yield|1.4% ( 1.4 % )|1.4% ( 1.4 % )|1.4% ( 1.4 % )|
|expected volatility|39% ( 39 % )|43% ( 43 % )|52% ( 52 % )|
|risk-free interest rate|2.5% ( 2.5 % )|2.6% ( 2.6 % )|2.4% ( 2.4 % )|
|fair value of stock-based performance units outstanding|$ 19.60|$ 19.45|$ 21.51|
18 . defined benefit postretirement plans and defined contribution plan we have noncontributory defined benefit pension plans covering substantially all domestic employees , as well as u.k . employees who were hired before april 2010 . certain employees located in e.g. , who are u.s . or u.k . based , also participate in these plans . benefits under these plans are based on plan provisions specific to each plan . for the u.k . pension plan , the principal employer and plan trustees reached a decision to close the plan to future benefit accruals effective december 31 , 2015 . we also have defined benefit plans for other postretirement benefits covering our u.s . employees . health care benefits are provided up to age 65 through comprehensive hospital , surgical and major medical benefit provisions subject to various cost- sharing features . post-age 65 health care benefits are provided to certain u.s . employees on a defined contribution basis . life insurance benefits are provided to certain retiree beneficiaries . these other postretirement benefits are not funded in advance . employees hired after 2016 are not eligible for any postretirement health care or life insurance benefits. .
Question: what was the average expected annual dividend yield , in percent?


Answer: The answer is:0.014