Its new share price should be $ 43.32
Step-1:Calculation of dividend yield | ||||
Dividend Yield | = | Annual dividend | / | Share Price |
= | $ 1.49 | / | $ 37.31 | |
= | 3.99% | |||
Step-2:Calculation of new share price | ||||
New Share Price | = | New Dividend | / | Dividend Yield |
= | $ 1.73 | / | 3.99% | |
= | $ 43.32 |
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