Answer:
Dividend in one year from now= $ 2.38
Explanation:
Dividend yield =Dividend/ share price
DY= D/P
DY -3.6%, D- Annual dividend, P- share price
3.6% = D/63
0.036 × 63 = D
2.268 = D
With a growth rate of dividend of 4.9%
Dividend to paid in one from now= Annual dividend × (1 +dividend growth rate)
Dividend in one year from now = 2.268 × (1.049)=2.379132
Dividend in one year from now= 2.38
