第十八章股利政策为什么相关[26p].pptVIP

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 Taxes, Issuance Costs, and Dividends 18.5 Repurchase of Stock 18.6 Expected Return, Dividends, and Personal Taxes 18.7 Real World Factors Favoring a High Dividend Policy 18.8 A Resolution of Real-World Factors? 18.9 What We Know and Do Not Know About Dividend Policy 18.10 Summary and Conclusions 18.1 Different Types of Dividends Many companies pay a regular cash dividend. Public companies often pay quarterly