Canadian National Railway and Canadian Pacific Railway have a dividend of $1.50 per common share and $1.40

Question:

Canadian National Railway and Canadian Pacific Railway have a of $1.50 per common share and $1.40 per common share, respectively. The market price of their shares is $93.72 per share and $108.55 per share, respectively.
(a) Calculate the yield for each company.
(b) Which company would investors prefer if they wish to purchase shares for the purpose of income?
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...