Fled Flightstone Minings management does not like to pay cash dividends due to the volatility of the

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Fled Flightstone Mining’s management does not like to pay cash dividends due to the volatility of the company’s cash flows. Fled management has found, however, that when it does not pay dividends, its stock price becomes too high for individual investors to afford round lots. What course of action could Fled take to get its stock price down without dissipating firm value for stockholders?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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