Estimate the compound annual dividend growth rate

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Company has had the following stock prices from years 2012-2017. 2012 - $60.34 2013 - $62.87 2014 - $54.19 2015 - $58.03 2016 - $59.99 2017 - $68.71 In addition to the growth of the stock, investors also received dividends. The range in the dividends has been between $1.45 (which was paid out in 2012) and $2.89 (which was paid out in 2017). Estimate the compound annual dividend growth rate over the six year period of time.

Reference no: EM131969487

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