If the company has preferred stock outstanding that is traded on an exchange, the Internet-related quote services that we described above give you preferred stock prices for the company. To get the yield for a preferred stock that has no stated maturity, simply divide the dividend rate by the preferred stock price. For example, an issue of preferred stock of Consolidated Edison has a dividend of $5.00 per year and was trading on September 18, 2002, at a price of $77.08. Its yield is calculated by dividing $5.00 by $77.08 = ($5/$77.08) = 6.49 percent.
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