UJ Gas is a utility that has followed a policy of increasing dividends every quarter by 5%
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Question:
UJ Gas is a utility that has followed a policy of increasing dividends every quarter by 5% over dividend in the prior year. The company announces that it will increase from $1.00 to $1.02 next quarter. What price reaction would you expect to the announcement? Why.
Related Book For
Accounting What the Numbers Mean
ISBN: 978-1260565492
12th edition
Authors: David Marshall, Wayne McManus, Daniel Viele
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