Question
Seagate Technology is a global leader in data storage solutions and a high-yield dividend payer. From 2018 through 2020, Seagate paid the following per-share dividends:
Seagate Technology is a global leader in data storage solutions and a high-yield dividend payer. From 2018 through 2020, Seagate paid the following per-share dividends: YEAR: PER SHARE: 2022 2.52, 2021 2.27, 2020 1.88, 2019 1.23, 2018 1.48, Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constant annual dividend growth rate. Use a 19% required rate of return to find the value of Seagate's stock immediately after it paid its 2022 dividend of 2.52$. What is The value of Seagate's stock ($) ?
dividends: immediately after it paid its 2022 dividend of $2.52. The value of Seagate's stock is $ (Round to the nearest cent.)Step by Step Solution
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