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33. If managers are reluctant to change dividends, a. firms never reduce dividend payments. b. firms pay dividends out of EPS by their target payout
33. If managers are reluctant to change dividends, a. firms never reduce dividend payments. b. firms pay dividends out of EPS by their target payout ratios. c. dividend cuts always signal bad news to shareholders. d. firms increase dividends when they are reasonably sure that they would be able to maintain a new target dividend level
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Understanding The Finance Of Welfare
Authors: Howard Glennerster
2nd Edition
1847421091, 978-1847421098
