Financial Executives Place the Greatest Importance on Which One of These

Financial executives place the greatest importance on which one of these factors when setting dividend policy?

A) Setting a high-dividend payout ratio even when earnings are unstable
B) Maintaining a consistent dividend policy
C) Increasing current dividends even if those dividends need to be lowered in the near future
D) Reducing dividends anytime future earnings are in doubt
E) Attracting institutional investors