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Seagate Technology is a global leader in data storage solutions and a high yield dividend payer. From 2015 through 2019, Seagate paid the following per

Seagate Technology is a global leader in data storage solutions and a high yield dividend payer. From 2015 through 2019, Seagate paid the following per share dividends.

Year Dividend per share
2019 $2.49
2018 $2.27
2017 $1.82
2016 1.21
2015 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 the 19% required rate of return to find the value of Seagate's stock immediately after it paid its 2019 dividend of $2.49

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