Why should dividend policy be a question of whether the firm or its stockholders can put the

Question:

Why should policy be a question of whether the firm or its stockholders can put the funds to better use?

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...