Sysco Corp has an 21.73 percent return on equity and retains 50.3% of its earnings for reinvestment purposes. It recently paid a dividend of $1.53 and the stock is currently selling for $48.65 What is the growth rate for Sysco Corp?

Sysco Corp has an 21.73 percent return on equity and retains 50.3% of its earnings for reinvestment purposes. It recently paid a dividend of $1.53 and the stock is currently selling for $48.65 What is the growth rate for Sysco Corp?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 1P

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Question

Sysco Corp has an 21.73 percent
return on equity and retains 50.3% of
its earnings for reinvestment
purposes. It recently paid a dividend
of $1.53 and the stock is currently
selling for $48.65 What is the growth
rate for Sysco Corp?

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