In your judgment, what are some characteristics of the type of investor who would likely prefer a

Question:

In your judgment, what are some characteristics of the type of investor who would likely prefer a high payout, and what are some characteristics of one who would prefer a low payout?
Would you personally prefer to own a stock with a high or a low payout, other things held constant? If you had a low-payout stock that you wanted to keep but you wanted more cash income, what could you do to increase your cash flow? Would those actions cause you to incur costs? What could you do, and what costs would you incur, if you owned a high-payout stock but did not need cash income?

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...