Schlumberger is selling for $ 64 91 per share and paid a dividend of $ 1 10 last year The dividend is expected to grow at 4 percent indefinitely What is the stocks expected rate of return ...

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Schlumberger is selling for $ 64.91 per share and paid a dividend of $ 1.10 last year.

Question:

Schlumberger is selling for $ 64.91 per share and paid a of $ 1.10 last year. The is expected to grow at 4 percent indefinitely. What is the stock’s expected rate of return?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...