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Los Altos, Inc., disclosed the following information in a recent annual report: Year 1 Year 2 Net income $126,000 $200,750 Preferred stock dividends 10,800 10,950

Los Altos, Inc., disclosed the following information in a recent annual report: Year 1 Year 2 Net income $126,000 $200,750 Preferred stock dividends 10,800 10,950 Average common stockholders equity 4,380,000 5,400,000 Dividend per common share 4.38 4.32 Earnings per share 6.84 7.48 Market price per common share, year-end 70.20 76.70 Calculate the common stock dividend yield for Los Altos, Inc. for both years. Round to one decimal. Year 1 Year 2 Common stock dividend yield Answer 0 Answer 0 Did the dividend yield improve from Year 1 to Year 2?

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