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Dividends of Performance Food Group are currently $13.50 per share, having grown at a 18.20 percent compound annual rate over the past 10 years. That
Dividends of Performance Food Group are currently $13.50 per share, having grown at a 18.20 percent compound annual rate over the past 10 years. That growth rate is expected to be maintained for the next 3 years, after which dividends are expected to grow at half that rate for 2 years. Beyond that time, Performance Food Group's dividends are expected to grow at 6.70 percent per year. What is the current value of a share of Performance Food Group's common stock if your required rate of return is 27%?
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