Assignment - P&G COST OF EQUITY rE BASED ON DIVIDEND Growth...

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P&G : COST OF EQUITY rE BASED ON DIVIDEND Growth Rate: Stock Price, end 2016 $ 84.08 Quarterly 1.99% Current dividend, D0 $ 2.68 Annualized 8.22% Gordon cost of equity, rE: Annualized 11.66% Date Dividend Per Share ($) Dec. 31, 2016 0.6695 Sept. 30, 2016 0.6695 June 30, 2016 0.6695 March 31, 2016 0.6629 Dec. 31, 2015 0.6629 Sept. 30, 2015 0.6629 June 30, 2015 0.6629 March 31, 2015 0.6436 Dec. 31, 2014 0.6436 Sept. 30, 2014 0.6436 June 30, 2014 0.6436 March 31, 2014 0.6015 Dec. 31, 2013 0.6015 Sept. 30, 2013 0.6015 June 30, 2013 0.6015 March 31, 2013 0.562 Dec. 31, 2012 0.562 Sept. 30, 2012 0.562 June 30, 2012 0.562 March 31, 2012 0.525 Dec. 31, 2011 0.525 Sept. 30, 2011 0.525 June 30, 2011 0.525 March 31, 2011 0.4818 Dec. 31, 2010 0.4818 Sept. 30, 2010 0.4818 June 30, 2010 0.4818 March 31, 2010 0.44 Dec. 31, 2009 0.44 Sept. 30, 2009 0.44 June 30, 2009 0.44 March 31, 2009 0.4 Dec. 31, 2008 0.4 Sept. 30, 2008 0.4
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June 30, 2008 0.4 March 31, 2008 0.35 Dec. 31, 2007 0.35 Sept. 30, 2007 0.35 June 30, 2007 0.35 March 31, 2007 0.31
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COST OF EQUITY rE BASED ON CASH FLOW TO EQUITY Shares outstanding End 2016 2556000000.00 Share price, end 2016 $ 84.08 Equity Value 214908480000 Equity Cash Flow 8937000000 Growth rate 6.53% Gordon Cost Of Equity 10.96% Date Stock Repurchases Dividends Paid Dec. 31, 2016 1501000000 7436000000 0 8937000000 Dec. 31, 2015 2000100000 7287000000 0 9287100000 Dec. 31, 2014 1875000000 6911000000 0 8786000000 Dec. 31, 2013 1502000000 6519000000 0 8021000000 Dec. 31, 2012 1400000000 6139000000 0 7539000000 Dec. 31, 2011 503000000 5767000000 0 6270000000 Dec. 31, 2010 518000000 5458000000 0 5976000000 Dec. 31, 2009 1406000000 5044000000 0 6450000000 Dec. 31, 2008 1320000000 4655000000 0 5975000000 Dec. 31, 2007 2381000000 4209000000 -1499000000 5091000000 Stock Issuance Total Equity Cash Flow
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