A stock currently sells for $55. The dividend yield is 3.1 percent and the dividend growth rate is 4.4 percent. What is the amount of the dividend to be paid in one year?

A stock currently sells for $55. The dividend yield is 3.1 percent and the dividend growth rate is 4.4 percent. What is the amount of the dividend to be paid in one year?

A stock currently sells for $55. The dividend yield is 3.1 percent and the dividend growth rate is 4.4 percent. What is the amount of the dividend to be paid in one year?