A corporation's dividend payment is set by
A)its board of directors.
B)its debtholders.
C)the corporation's CFO (chief financial officer).
D)the stockholders themselves.

Question

Quizplus · Accepted Answer

Dividend payment is set by the board of directors of a corporation. It is their responsibility to decide whether or not to pay dividends and how much to pay out to shareholders. The decision is typically based on the company's financial performance, future growth prospects, and capital needs. The CFO may be involved in this decision-making process, but ultimately it is the board of directors who has the final say. Debtholders and stockholders do not have the authority to set dividend payments.

A Corporation's Dividend Payment Is Set by