Stocks that don't pay dividends yet Goodwin Technologies, a relatively young company, has been wildly successful but has yet to pay a dividend. An analyst forecasts that Goodwin is likely to pay its first dividend three years from now. She expects Goodwin to pay a $2.75000 dividend at that time (D = $2.75000) and believes that the dividend will grow by 14.30000% for the following two years (D and D). However, after the fifth year, she expects Goodwins dividend to