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Colgate Company just paid an annual dividend of $3.00. Analysts are predicting a 10% growth rate in dividends over the next five years. After that,
Colgate Company just paid an annual dividend of $3.00. Analysts are predicting a 10% growth rate in dividends over the next five years. After that, Colgate Company dividends are expected to grow at the current industry average of 5% per year. If Colgate cost of equity capital is 8.5% per year, what is the current stock price of Colgate Company based on Dividends Discount Model.
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