A company paid $1 per share dividend yesterday. You expect the dividend to grow steadily at a

Question:

A company paid $1 per share dividend yesterday. You expect the dividend to grow steadily at a rate of 4% per year What is the expected dividend in each of the next 3 years?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...