What is the average stock market reaction to: (a) A dividend initiation; (b) A dividend increase; (c)
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(a) A dividend initiation;
(b) A dividend increase;
(c) A dividend termination;
(d) A dividend decrease? Are these reactions logically consistent?
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...
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Related Book For
Introduction to Corporate Finance What Companies Do
ISBN: 978-1111222284
3rd edition
Authors: John Graham, Scott Smart
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