Stock Valuation Suppose you know that a company’s stock currently sells for $72 per share and the required return on the stock is 11.5 percent.

Stock Valuation Suppose you know that a company’s stock currently sells for $72 per share and the required return on the stock is 11.5 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. If it’s the company’s policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?