公司理财本科班第八讲红利政策和资本结构.pptxVIP

第八讲 支付政策和资本结构Corporate Finance 支付政策PAYOUT POLICYCorporate Finance FACTS ABOUT PAYOUTCash Dividend versus Stock RepurchaseCash DividendDividends are rarely cut back, managers do not increase dividends unless confident that dividend can be maintainedStock RepurchaseRepurchases are more flexible and repurchases are tax-advantaged Dividend PaymentExxon Mobildeclares quarterly dividendof $.42 per shareShares start totrade ex- dividendDividend will be paidto shareholdersregisteredon this dateDividend checksmailedto shareholdersJanuary 5, 2022February 8, 2022February 10, 2022March 9, 2022Declaration