Assume a preferred stock pays a constant annual dividend. Which of these is a correct computation of the dividend yield? Select all that apply.

1. Dividend Yield = Annual Dividends per Share / Price per Share This formula calculates the dividend yield by dividing the annual dividends received per share by the price per share. The result is expressed as a percentage.

2. Dividend Yield = (Annual Dividends per Share / Price per Share) x 100 This is the same formula as above, but it multiplies the result by 100 to convert the decimal into a percentage.

3. Dividend Yield = Total Dividends / Market Capitalization This formula is incorrect. The dividend yield is not calculated by dividing the total dividends by the market capitalization.

4. Dividend Yield = Dividends per Share / Earnings per Share This formula is also incorrect. The dividend yield is not calculated by dividing the dividends per share by the earnings per share.

So, the correct computations of the dividend yield are the first and the second options.