The president of Good Fortunes Inc. states at a press conference that the company has a 30-year
Question:
The president of Good Fortunes Inc. states at a press conference that the company has a 30-year history of ever-increasing dividend payments. Good Fortunes is widely regarded as one of the best-run firms in its industry. Does this make the firm's stock a good buy? Explain.
Dividend A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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If the firm is stable and well run its price will reflect this information and ...View the full answer
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