In a leadership role in a public corporation it is important to have a clear understanding of total shareholder returns and how changes in corporate policy can impact the existing shareholder base of the firm.

Discuss each of the following corporate actions from the perspective of the existing shareholders to assess the potential market implications of these actions:

• Issuance of additional shares of common stock.
• Announcement of a new share repurchase program.
• Increase of the quarterly dividend per share.