Final answer:
Thames Inc.'s dividend is expected to grow at 3% per year.
Step-by-step explanation:
Thames Inc.'s most recent dividend was $2.40 per share. The dividend is expected to grow at 3% per year.
To calculate the future value of the dividend, we can use the formula:
Future Dividend = Current Dividend * (1 + Growth Rate)^Number of Years
Plugging in the values, we get:
Future Dividend = $2.40 * (1 + 0.03)^1 = $2.47
Therefore, the expected dividend one year from now is $2.47 per share.