Which of the following is not found in John Lintner's "stylized facts" of corporate dividend policies?
A) Firms have long-run target dividend payout ratios
B) Managers focus more on dividend absolute levels than on its changes
C) Dividend changes follow shifts in long-run, sustainable levels of earnings rather than short-run changes in earnings
D) Managers are reluctant to make dividend changes that might have to be reversed
Correct Answer:
Verified
Q6: Corporations pay regular cash dividends to their:
A)Common
Q8: A policy of dividend "smoothing" refers to:
A)Maintaining
Q9: MM's proposition of dividend irrelevance depends upon:
A)Firms
Q10: Boards of directors may be legally restricted
Q12: An increase in dividends might not increase
Q13: The record date for a dividend is
Q14: A corporation's dividend payout ratio is the
Q21: ABC Corp.stock is selling for $30 per
Q26: A dividend is declared on January 1,
Q26: What is the most likely prediction after
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