So berechnen Sie Dividend Growth

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The dividend growth model projects future dividend payments based on a constant growth rate. Used to estimate intrinsic stock value assuming dividends grow perpetually.

Formel

Stock Value = D₁ / (r - g) where D₁ is next dividend and r is required return

Schritt-für-Schritt-Anleitung

1Enter current dividend, growth rate, and required return
2Calculate next year's dividend
3Divide by the difference between required return and growth rate

Gelöste Beispiele

Eingabe

Current div: $2, growth: 5%, required return: 10%

Ergebnis

Stock value ≈ $42

$2.10 / (0.10 - 0.05)

Häufige Fehler vermeiden

✕Assuming growth rate exceeds required return
✕Using current instead of next dividend

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