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Dividend Yield Los Altos, Inc., disclosed the following information in a recent annual report: Year 1 Year 2 Net income $113,750 $203,500 Preferred stock dividends

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Dividend Yield Los Altos, Inc., disclosed the following information in a recent annual report: Year 1 Year 2 Net income $113,750 $203,500 Preferred stock dividends 9,750 11.100 Average common stockholders' equity 4,440,000 4,875,000 Dividend per common share 4.44 3.90 Earnings per share 6.18 7.59 Market price per common share, year-end 63.40 77.70 Calculate the common stock dividend yield for Los Altos, Inc. for both years. Round to one decimal. Year 2 Common stock dividend yield Year 1 96 96 Did the dividend yield improve from Year 1 to Year 2

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