Oh my. I wanted to give a real-world, hands-on question about estimating a corporate growth rate using its required rate of return, next dividend, and current stock price. But neither Meta (formerly known as Facebook) nor Alphabet (the parent name of Google) pays dividends. So I give up. Instead, I'll ask the tax motivation for not paying dividends. How are dividends treated for corporation taxation, and how are dividends treated for individual (personal) taxation?