The payment of cash dividends to corporate stockholders is decided by the

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The board of directors is responsible for making decisions regarding the payment of cash dividends to corporate stockholders. They consider various factors such as the company's financial performance and future growth prospects before making a decision. While management may provide recommendations, the final decision rests with the board of directors. The SEC does not play a direct role in determining dividend payments, but it regulates the disclosure requirements related to dividends. Stockholders may express their opinions on dividends through voting at the annual general meeting, but they do not have the power to make the final decision.

The Payment of Cash Dividends to Corporate Stockholders Is Decided