When calculating net operating cash flow (unlevered free cash flow), the following are NOT taken into account:
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a) Changes in net working capital
b) Taxes
c) Debt service and dividend payments 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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