When companies have excess cash beyond their needs, they can return this money to shareholders in the
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When companies have excess cash beyond their needs, they can return this money to shareholders in the form of a dividend or through a stock repurchase. Differentiate the effects of repurchases and dividends in theory and practice. Based on Warren Buffett's rules for repurchases, why do a lot of companies use repurchases when they really should not be doing them?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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