What is the average dividend growth rate

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Simon CFO disagrees with the consensus analyst growth forecast of 5%. She points to the last four years of dividends that Simons stock has paid as proof that the firm is capable of better growth.

Time paid:
Three years ago Dividend $2.07
Tow years ago Dividend 2.19
One year ago dividend 2.47
Today dividend 2.61
What is the average dividend growth rate over the last three years? Use the arithmetic average.

 

Reference no: EM13283899

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