Ovit, Inc., has preferred stock with a price of $20 and a dividend of $1.50 per year.

Question:

Ovit, Inc., has preferred stock with a price of $20 and a of $1.50 per year. What is its yield?

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...