Dividend Policy Irrelevance how is it possible that dividends are so important, but at the same time,

Question:

Dividend Policy Irrelevance how is it possible that dividends are so important, but at the same time, dividend policy is irrelevant?

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...