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ABC Inc. has had earnings of $3.20 , $3.00 and $5.50 per share for the last three years.The firm anticipates maintaining the same dividend policy
ABC Inc. has had earnings of $3.20 , $3.00 and $5.50 per share for the last three years.The firm anticipates maintaining the same dividend policy this year as the past three years. That dividend policy has resulted in dividend per share of $1.28 , $1.20 and $2.20 for the past three years. It is anticipated that next year will result in large increase in earnings to $9.80 per share. What dividends do you expect the firm to pay in the next year?
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