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What are the different types of dividends, and how is a dividend paid? What is the clientele effect, and how does it affect dividend policy

What are the different types of dividends, and how is a dividend paid? What is the clientele effect, and how does it affect dividend policy irrelevance? What is the information content of dividend changes? What are stock dividends, and how do they differ from cash dividends? How are share repurchases an alternative to dividends, and why might investors prefer them

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