The management team of Disney+ maintains a stable dividend using the Lintner model:

Last quarter, the dividend was $0.6 per share and the earnings per share were $15.30. The management is forecasting that earnings in the upcoming quarter will decrease to $14.40 per share.

What dividend for next quarter should analysts predict?

PLEASE ANSWER ASAP!!!!!!!

Dt+1=Dt+EPSTargetPayout Where Dt (Dt+1)= dividend in the current period t (the next period t+1) EPSt = earnings per share in period t EPS=EPSt+1EPSt= change in EPS Target Payout = target payout ratio =40% = adjustment factor =0.15