On October 23, 2016, Wilkerson Company had a market price of $40 per share of common stock.

Question:

On October 23, 2016, Wilkerson Company had a market price of $40 per share of common stock. For the previous year, Wilkerson paid an annual of $1.20. Compute the yield for Wilkerson Company.
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...