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The current stock price of Company A is $57 per share. We know that the company is maintaining a constant dividend growth rate of 4.75%

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The current stock price of Company A is $57 per share. We know that the company is maintaining a constant dividend growth rate of 4.75% In addition, shareholders require a 11% return on the stock of Company A. Please calculate the most recent dividend paid to each share of the stock (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Dividend paid per $ 5.70 share

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