Since dividends that are not yet declared by the firm are not legal obligations of the firm,

Question:

Since dividends that are not yet declared by the firm are not legal obligations of the firm, can the firm alter its payouts without cost?

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...