If the dividend decision is irrelevant to the valuation of a firm, then are not dividend discount models irrelevant to valuing a share of common stock Why ...

The value of a firm can still be expressed as the discounted value of expected dividends despite ...

If the dividend decision is irrelevant to the valuation of a firm, then are not dividend discount

Question:

If the decision is irrelevant to the valuation of a firm, then are not discount models irrelevant to valuing a share of common stock? Why?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...