7-12 Simkins Corp. Is expanding rapidly, and it does not pay any dividends because they currently needs to retain all its earnings.
7-12 Simkins Corp. Is expanding rapidly, and it does not pay any dividends because they currently needs to retain all its earnings. However, investors expect the company to begin paying dividends, that the first dividend of $1.00 per share coming three years from today. The dividend should grow rapidly – at a rate of 50% per year – during years four and five. After year […]