• Find the historical dividends of Abu Dhabi National Oil Company.
• Calculate the EPS, PE ratio, dividend pay-out ratio and rate of return (last two years) and compare.
• Estimate a reasonable choice of growth of the dividends for the next three years (arithmetic or geometric average from historical growth rate etc.).
• Estimate the cost of equity (CAPM approach).
• Estimate the stock price of the company (Please estimate the stock price as a range of values, rather than a value.)
• Do a regression analysis between the relationship of the growth in dividends/dividends paid and the impact on the stock price for the period studied.
• You can also make a sensitivity analysis by changing one variable and foreseeing the range of the stock value.
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Previous Dividend Payments Since IPO, the company has consistently increased payback to its shareholders through its progressive dividend policy supported by strong cash flow generation and balance sheet strength. (1) Special dividend for the year 2017 (2) Subject to Shareholders' approval (3) Subject to the discretion of the Board of Directors and Shareholders' approval