Question 7 Which of the following statements is correct regarding payout policy? 1. The Lintner (1956) model suggests that firms typically have long-run target dividend payout ratios. II. The date by which a stockholder is registered on the firm's roll as having share ownership in order to receive a declared dividend is called the ex-dividend date. III. All else equal, the market value of a stock will tend to increase by roughly the amount of the dividend on the ex-dividend date. IV. One implication of the information content of dividends is that firms will not increase their dividends until they believe that future earnings can sustain the increase. A. I and II only I and IV only II and IV only I, II, III and IV None of the choice combinations given in A., B., C., and D. are correct. ou