Does following the residual theory of dividends lead to a stable dividend? Is this approach consistent with

Question:

Does following the residual theory of dividends lead to a stable Is this approach consistent with relevance?

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...