If the dividend is $3.00 per year, then a 4% yield means the stock is $75 per share. If the dividend is $3.00 per year, then at today's closing price that is a 3.4% yield.
In order to reach a 4% yield, the dividend would have to be raised to $.75 per quarter (which I doubt), and the stock would have to fall to $75 per share. Do the math!
The press release is referring to the dividend being paid on 6/30.
"Pepco Holdings Inc. (POM) today announced that its board of directors has declared a quarterly dividend of $0.27 per share on Pepco Holdings’ common stock that is payable on June 30, 2015, to shareholders of record on June 10, 2015, provided that the company’s proposed merger with Exelon Corporation does not close on or prior to the close of business on June 10, 2015."
As of Friday's close of $86.97, the yield is 3.17%. Yahoo is not very good at updating the yield. At $83.63 the yield will be 3.3%.
Posted your spam on the wrong message board, but I see you also posted to the correct board.