What is the current dividend per share


Suppose you know that a company's stock currently sells for $54 per share and the required return on the stock is 9 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share? (Do not round intermediate calculations and round your final answer to 2 decimal places.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: What is the current dividend per share
Reference No:- TGS0550076

Expected delivery within 24 Hours