The yield compares the dividend per share paid (quarterly) to the share price - on an annualized basis. Kind of similar to an interest rate.
The % yield refers to the dividend/stock price. That is, divide the annual dividend amount by the price of the stock and you get the percentage of the stock price 'yielded' in dividend. the dividend itself is $.22 per share owned and may occur more than once in a year.
So if you were to buy 100 share, and the company pays 0.22/per share, each time they issue a dividend (usually quarterly) you would receive cash in the amount of $22.00
Looking at a company that has a dividend yield of 3.37%. But they also pay 22 cents per share, how does that work?
