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How to read Google Finance data on dividends
However,  you have to remember that not all dividends are paid quarterly.  For example one stock I recently purchased has a price of $8.03 and the Div/yield = 0.08/11.9 . $.08 * 4 = $0.32 which is only 3.9%  (But this stock pays monthly dividends). $.08 * 12 = $0.96 which is 11.9 %.   So over the course of a year assuming the stock price and the dividends didn't change you would make 11.9%