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Is there any correlation between (a) dividends and cash flows AND (b) dividends and earnings. From your analysis, can you say which of the two

image text in transcribedIs there any correlation between (a) dividends and cash flows AND (b) dividends and earnings. From your analysis, can you say which of the two that dividend is more dependent on?

$12.00 Walmart Inc. $10.00 $8.00 $6.00 $4.00 $2.00 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 DPS EPS CFPS

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