Yes you are correct, I used the wrong dividend number. The paragraph should read...
If you had invested in PGN 7 years ago on this date, then you would be a very happy camper. The stock price has grown 48% from $32.98 to $48.75 at the close today. The dividend has increased 18% as well from $2.06 to $2.44. The yield on cost on those original shares would net you 7.4% today.
Progress Energy: Consistently Growing [View article]
If you had invested in PGN 7 years ago on this date, then you would be a very happy camper. The stock price has grown 48% from $32.98 to $48.75 at the close today. The dividend has increased 18% as well from $2.06 to $2.44. The yield on cost on those original shares would net you 7.4% today.