Additionally, at American Express CDs with maturities less than 24 months actually have lower
yields than the current yield on the savings account.
Medtronic's yield of 2.3 % is not extremely high, but it qualifies as «enough» for many dividend growth investors, especially younger ones who often look more at the dividend growth
rate than the current yield.
It is greater
than the current yield if the bond is selling at a discount and less than the current yield if the bond is selling at a premium.