Caledonia last paid a dividend of $1 per share 2010. In 2007, the Caledonia paid a dividend of $0.84. This dividend growth rate is expected to be constant for the foreseeable future if the merger is not completed. If the merger is successful, the expected dividend for next year, that is, D1 is expected to be $1.03 and the new long-term growth rate will be 7.5% as a result of the merger.

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