Question: Miller's Hardware recently paid $ 1 . 2 1 per share in dividends. The compary currently has excess cash and would tike to distribute an

Miller's Hardware recently paid $1.21 per share in dividends. The compary currently has excess cash and would tike to distribute an additional $35 a share to its shareholders. However, the compary is concerned about increasing the dividend by that amount as it will not be able to afford a simlar increase in the future and doesn't want to lower the dividend once it has been raised. Which one of the following is probably the best suggestion for distributing the $35 per share?
Mulliple Choice
Pay a special dividend of $.35 per share
Pay a llquidating dividend of $.35 per sheve
Increase the regula dividend by $12 and pay a special dividend of $.23
Increase the regular dividend by $12 and pay an eatra cash dividend of $23
Pay an extra cash dividend of $35 per share
Miller's Hardware recently paid $ 1 . 2 1 per

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