Author Question: What is Sterling Draper Pryce's quarterly dividend growth rate? The recent dividend history for ... (Read 83 times)

Kikoku · **on:** Apr 25, 2021

Question 1

Wayne Enterprises Inc. has a target debt/equity ratio of 0.1765. Its capital budget (for new projects) for next year is estimated at $110 million. Estimated net income is $100 million. Wayne Enterprises has 100 million shares outstanding. Find Wayne Enterprises dividends using the residual dividend approach.
◦ $0.035
◦ $0.045
◦ $0.055
◦ $0.065
◦ $0.075

Question 2

What is Sterling Draper Pryce's quarterly dividend growth rate? The recent dividend history for Sterling Draper Pryce is provided in the table, below.

Qtr	Ex-Date	Div	Qtr	Ex-Date	Div	Qtr	Ex-Date	Div
Q1	11/19/03	$0.425	Q4	08/16/06	0.42	Q3	05/13/09	0.46
Q2	02/18/04	$0.425	Q1	11/15/06	0.43	Q4	08/18/09	0.46
Q3	05/19/04	$0.425	Q2	02/14/07	0.43	Q1	11/18/09	0.465
Q4	08/18/04	$0.425	Q3	05/16/07	0.43	Q2	02/17/10	0.465
Q1	11/17/04	0.41	Q4	08/15/07	0.43	Q3	05/05/10	0.465
Q2	02/16/05	0.41	Q1	11/20/07	0.45	Q4	08/08/10	0.465
Q3	05/18/05	0.41	Q2	02/13/08	0.45	Q1	11/17/10	0.47
Q4	08/17/05	0.41	Q3	05/14/08	0.45	Q2	02/16/11	0.47
Q1	11/16/05	0.42	Q4	08/13/08	0.45	Q3	05/11/11	0.47
Q2	02/15/06	0.42	Q1	11/19/08	0.46	Q4	08/10/11	0.47
Q3	05/17/06	0.42	Q2	02/18/09	0.46	Q1	11/19/11	0.48

◦ 0.281%
◦ 0.381%
◦ 0.481%
◦ 0.581%
◦ 0.681%

kingfahad97 · **Reply #1 on:** Apr 25, 2021

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