Dividend Yield Smith & Sons, Inc., disclosed the following information in a recent annual report: 2015 2016 Net Income $105,000 $165,000 Preferred stock dividends 9,000 9,000 Average common stockholders' equity 3,120,000 3,900,000 Dividend per common share 3.60 3.60 Earnings per share 4.94 5.33 Market price per common share, year-end 50.70 54.60 Calculate the dividend yield for Smith & Sons for 2015 and 2016. Round answers to one decimal place. (Ex. 0.2345 = 23.5%) 2015 Answer 0 % 2016 Answer 0 % Did the dividend yield improve from 2015 to 2016? The dividend yield Answer from 2015 to 2016.