The fact that flotation costs can be significant is justification for A them to issue larger dividends than its closest competitors. A firm to maintain a constant dividend policy even if it frequently has to issue new shares of stock to do so. Maintaining a constant dividend policy even when profits decline significantly Maintaining a high dividend policy Maintaining a low dividend policy and rarely issuing extra dividends. The Rent It Company declared a dividend of S.60 a share on October 20 to holders of record on Monday, November 1. The dividend is payable on December 1. You purchased 100 shares of Rent It Company stock on Wednesday, October 27. How much dividend income will you receive on December 1 from the Rent It Company? 50 $1.50 $6.00 $15.00 560.00