The Robert's Co.just paid an annual dividend of $1.49 a share.The firm has a target payout ratio of 0.38 and a speed of adjustment value of 0.7.What is the expected value of next year's annual dividend if the firm expects its earnings per share to be $4.87?
A) $1.66
B) $1.70
C) $1.95
D) $1.98
E) $1.74
Correct Answer:
Verified
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