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What should be the per share dividend that Darling pays

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Reference no: EM132698767

Problem - Darling's Dry Cleaning has been growing at a constant 6 percent rate for more than 20 years, and this growth is expected to continue forever.

Last year, Darling's paid a dividend equal to $3.50 per share. If dividends grow at the same rate as the company's growth rate, what should be the per share dividend that Darling's pays this year?

Reference no: EM132698767

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