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Texas's dividend policy calls for the dividend to be increased each year by the same rate. last year the company paid a dividend equal to
Texas's dividend policy calls for the dividend to be increased each year by the same rate. last year the company paid a dividend equal to $2.50 a share. this year, after the company initiates a 5 to 1 stock split, Texas expects to pay a dividend equal to $.054 per share. at what rate does Texas increase its dividend each year?
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