Finding the Dividend. Gontier Corporation stock currently sells for $64.13 per share. The market requires an 11 percent return on the firm’s stock. If the company maintains a constant 5.5 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?
You’ve collected the following information from your favorite financial Web site. Use it to answer Questions 19–23 (the 52-week Hi and Lo are the highest and lowest stock prices over the previous 52 weeks).
52-Week Price | Stock (Div) | Div | PE | Close | Net | |
Hi | Lo | Yld% | Ratio | Price | Chg | |
77.4 | 10.43 | ArchCoal 0.36 | 2.5 | 6 | 13.9 | −0.24 |
55.81 | 33.42 | LacledeGrp 1.54 | 3.7 | 10 | 40.43 | −0.01 |
130.93 | 69.5 | IBM 2.00 | 2.3 | 10 | 88.97 | 3.07 |
50.24 | 13.95 | JCPenney 0.80 | 5.2 | 6 | 15.43 | −0.26 |
35 | 20.74 | TootsieRoll 0.32 | 1.5 | 28 | ?? | 0.18 |
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