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In the past, Valley Mills Construction, Inc. has always paid an annual cash dividend of $0.25 per share. This year, though, the board of directors
In the past, Valley Mills Construction, Inc. has always paid an annual cash dividend of $0.25 per share. This year, though, the board of directors wants to conserve cash for expansion. The board is considering not paying dividends but is concerned that stockholders will be upset when the announcement to not pay dividend is made. What should the board do?
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The dividends are paid based on the dividend policy and the Retained earning balances of the f...
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
