Define each of the following terms: a. Optimal distribution policy b. Dividend irrelevance theory; bird-in-the-hand theory; tax

Question:

Define each of the following terms:
a. Optimal policy
b. irrelevance theory; bird-in-the-hand theory; tax effect theory
c. Information content, or signaling, hypothesis; clientele effect
d. Residual model; extra Declaration date; holder-of-record date; ex-dividend date; payment date
f. reinvestment plan (DRIP)
g. Stock split; stock stock repurchase

Distribution
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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...