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A firm is said to be smoothing dividends if dividends: are paid through an automatic dividend reinvestment plan. change more gradually than changes in earnings.
A firm is said to be "smoothing" dividends if dividends:
are paid through an automatic dividend reinvestment plan. change more gradually than changes in earnings. increase by the same dollar amount each year. are paid only in even dollar amounts.
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
