Chat with us, powered by LiveChat BADM 7090 – Legal Beagle, Inc. (LBI) paid a 2014 dividend of $1.35 | Credence Writers
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Legal Beagle, Inc. (LBI) paid a 2014 dividend of $1.35 and a 2015 dividend of $1.30. These dividends are consistent with their historical growth rate in dividends. Because of some uncertainty with the tax laws on capital gains versus dividends, they do not anticipate paying any dividends for the next few years. However, beginning in April 2020, they expect to pay a dividend of $1.20 with dividends thereafter changing at the historical growth rate. If the discount rate for LBI is 10.50%, what is the most you would pay for a share of LBI stock?