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Colgate-Palmolive Company has just paid an annual dividend of $0.93. Analysts are predicting an 10.1% per year growth ra
Posted: Tue Apr 26, 2022 10:49 am
by answerhappygod
- Colgate Palmolive Company Has Just Paid An Annual Dividend Of 0 93 Analysts Are Predicting An 10 1 Per Year Growth Ra 1 (22.61 KiB) Viewed 71 times
Colgate-Palmolive Company has just paid an annual dividend of $0.93. Analysts are predicting an 10.1% per year growth rate in earnings over the next five years. After that, Colgate's earnings are expected to grow at the current industry average of 4.9% per year. If Colgate's equity cost of capital is 8.9% per year and its dividend payout ratio remains constant, for what price does the DDM predict Colgate stock should sell? C. The value of Colgate's stock is $ (Round to the nearest cent.)