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Thress Industries just paid a dividend of $1.50 a share (i.e, Do = $1.50).

Thress Industries just paid a dividend of $1.50 a share (i.e, Do = $1.50). The dividend is expected to grow 5% a year for the next 3 years, and then 10% a year thereafter. What is the expected dividend per share for each of the next 5 years?


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D1 = D 0 (1 + g)

     = 1.50 (1 + 0.05) 


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