You own 1,000 shares of Patriot Corporation, which is about to raise its dividend from $.75 to

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You own 1,000 shares of Patriot Corporation, which is about to raise its dividend from $.75 to $ 1 per share. The share price is currently $50. You would prefer that the dividend remain at its current level. What would you do to offset the effects of the increase in the dividend?
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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Fundamentals of Corporate Finance

ISBN: 978-1259024962

6th Canadian edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim

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