Question
Bryo, Inc., paid quarterly dividends of $.62 a share last year. The company currently has excess cash and would like to distribute $.95 a share
Bryo, Inc., paid quarterly dividends of $.62 a share last year. The company currently has excess cash and would like to distribute $.95 a share to its shareholders this quarter. However, the company is concerned about increasing the dividend as they are unsure if they can afford a $.95 quarterly dividend on an ongoing basis. Management does not want to decrease their dividend once it has been increased. The best form of a dividend payment for this quarter is probably a(n):
A.special dividend of $.95 a share
B.combined special and extra dividend in one quarterly payment of $.95 a share
C.combined regular and extra dividend in one quarterly payment of $.95 a share
D.extra dividend of $.95 a share
E.stock dividend with a value of $.95 a share
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started