Swan Lake Marina is expected to pay
Swan Lake Marina is expected to pay an annual dividend of $1.58 next year. The stock is selling for $18.53 a share and has a total return of 12 percent. What is the dividend growth rate?
Swan Lake Marina is expected to pay an annual dividend of $1.58 next year. The stock is selling for $18.53 a share and has a total return of 12 percent. What is the dividend growth rate?
Po = D1/r-g 18.53 = 1.58/0.12-g G=0.12-1.58/18.53 G = 3.47%
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