Question exxonmobil currently has a return on equity roe of, Ask an Expert

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Question: ExxonMobil currently has a return on equity (ROE) of 5.2% and a payout ratio of 40.3%. Based on this information, what is the forecast for the annual dividend growth rate for the company, assuming that the payour ratio remains the same?

Express your answer in percent to 2 decimal places of accuracy. Do not type the % symbol.

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