@article {1969206, title = {Teaching an Old Dog New Tricks: Using the Dividend Growth Model in Financial Planning}, journal = {Journal of Economics and Finance Education}, volume = {6}, year = {2007}, month = {2007}, pages = {65-73}, abstract = {The Dividend Growth Model is a standard pedagogical tool in pricing stocks where the dividend grows at a constant rate. However, few dividend policies conform to this restrictive pattern and therefore the model is often quickly discarded in finance classes. The constant growth assumption of a cash flow stream fits well with other financial problems such as saving for a college education or contributions to a pension plan. This paper presents a couple of applications for the Dividend Growth Model plus an extension to the model and belies the adage: you can{\textquoteright}t teach an old dog new tricks.}, keywords = {Finance}, author = {Brooks,Raymond and Yang,Jimmy} }