（编）国际财务管理详解：.pptVIP

Dividends and Other Payouts Key Concepts and Skills Understand dividend types and how they are paid Understand the issues surrounding dividend policy decisions Understand why share repurchases are an alternative to dividends Understand the difference between cash and stock dividends Chapter Outline 18.1 Different Types of Dividends 18.2 Standard Method of Cash Dividend Payment 18.3 The Benchmark Case: An Illustration of the Irrelevance of Dividend Policy 18.4 Repurchase of Stock 18.5 Personal Taxes and Dividends 18.6 Real-World Factors Favoring a High Dividend Policy 18.7 The Clientele E