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On March 1, 2020, HEB Corporation had a market price of $58 per share of common stock. For the previous year, HEB paid an annual

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On March 1, 2020, HEB Corporation had a market price of $58 per share of common stock. For the previous year, HEB paid an annual dividend of $2.90 per share. Compute the dividend vield for HEB Corporation. Please show all work and explain what is the importance of the dividend yield (what does it tellus). Remember the formula is Dividend Yield - Dividends per share of common stock/Market price per share of common stock

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