Darlings Dry Cleaning has been growing at a constant 6 percent rate for more than 20 years,
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Darling’s Dry Cleaning has been growing at a constant 6 percent rate for more than 20 years, and this growth is expected to continue forever. Last year, Darling’s paid a dividend equal to $3.50 per share. If dividends grow at the same rate as the company’s growth rate, what should be the per share dividend that Darling’s pays this year?
DividendA 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...
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