Seagate Technology is a global leader in data storage solutions and a​ high-yield dividend payer. From 2015 through 2019​, Seagate paid the following​ per-share dividends:   Year Dividend per share 2019 ​$2.49 2018 2.28 2017 1.86 2016 1.21 2015 1.48   Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constant annual dividend growth rate. Use a 22​% required rate of return to find the value of​ Seagate's stock immediately after it paid its 2019 dividend of ​$2.49.

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
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ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
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Chapter9: Stocks And Their Valuation
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Seagate Technology is a global leader in data storage solutions and a​ high-yield dividend payer. From 2015 through 2019​, Seagate paid the following​ per-share dividends:
 
Year
Dividend per share
2019
​$2.49
2018
2.28
2017
1.86
2016
1.21
2015
1.48
 
Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constant annual dividend growth rate. Use a 22​% required rate of return to find the value of​ Seagate's stock immediately after it paid its 2019 dividend of ​$2.49.
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