On June 12, 2012, Mid State Power and Electric Company had a market price per share of

Question:

On June 12, 2012, Mid State Power and Electric Company had a market price per share of common stock of $48. For the previous year, Mid State Paid an annual dividend of $2.88. Compute the dividend yield for Mid State Power and Electric Company.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...