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Dunder Mifflin Paper Company most recently paid a dividend of $4.63 per share in 2019. The company anticipates that its future dividends will increase at
Dunder Mifflin Paper Company most recently paid a dividend of $4.63 per share in 2019. The company anticipates that its future dividends will increase at an annual rate consistent with that experienced over the 2016-2019 period, and the company wishes to continue this dividend growth indefinitely. What is the value of the company's stock if the required rate of return is 12 percent?
In 2016, the dividend per share= $4, in 2017 dividend per share= $4.20, in 2018 dividend per share= $4.41 and 2019 dividend per share= $4.63.
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