财务管理课chap014.pptVIP

Dividends and Dividend Policy Chapter 14 Key Concepts and Skills Understand dividend types and how they are paid Understand the issues surrounding dividend policy decisions Understand the difference between cash and stock dividends Understand why share repurchases are an alternative to dividends Chapter Outline Cash Dividends and Dividend Payment Does Dividend Policy Matter? Establishing a Dividend Policy Stock Repurchase: An Alternative to Cash Dividends Stock Dividends and Stock Splits Cash Dividends Regular cash dividend – cash payments made directly to stockholders, usually each quarter Ex