Beth Martin bought 300 shares of Alpha $50 par 6% preferred stock at the current market price of $59 per share. What is her rate of yield if Alpha pays the regular dividend for the year?

Rate Of Yield

The earnings generated and realized on an investment over a particular period of time, expressed as a percentage.

Preferred Stock

A category of corporate ownership that possesses a superior right to the company's assets and profits compared to common stock, typically featuring stable dividend payouts.

Par

The face value of a bond or stock; for bonds, it's the amount to be repaid at maturity, and for stocks, it's a nominal dollar value used for accounting.