Which type of firm is more likely to follow a low-regular-and-extra-policy of dividend payout?

Question

Quizplus · Accepted Answer

Firms that recently experienced higher-than-normal earnings expected to be temporary might opt for a low-regular-and-extra dividend policy. This allows them to pay a regular, lower dividend consistently and issue extra dividends in years with unusually high earnings, without setting expectations for high dividends in the future when earnings might return to normal levels.

Which Type of Firm Is More Likely to Follow a Low-Regular-And-Extra-Policy