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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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