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SECTION C: Answer ANY ONE question from Section C using a maximum of 700 words Question 4 Patrick Industries, Inc. recently announced a 17.9% hike

SECTION C: Answer ANY ONE question from Section C using a maximum of 700 words

Question 4

Patrick Industries, Inc. recently announced a 17.9% hike in its quarterly dividend. The company has been driving shareholder value through regular dividend hikes and reinvesting in the business.

Critically evaluate and discuss this statement. Explain the key principles of stock valuation. In your answer, refer to theory and provide evidence where suitable.

[50 marks]

plz write 700words

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