Colgate-palmolive company has just paid an annual dividend, Ask an Expert

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Colgate-Palmolive Company has just paid an annual dividend of $0.93. Analysts are predicting a 10.6% per year growth rate in earninings over the next five years. After that, Colgate's earnings are expected to grow at the current industry average of 5.6% per year. If Colgate's equity cost of capital is 7.4% per year and its dividend payout ratio remains constant, for what price does the dividend-discount model predict Colgate stock should sell?

round 2 decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91417402

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