The authority to declare a dividend lies with the:

Question

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The authority to declare a dividend lies with the Board of Directors of a company. The Board of Directors decides whether to pay a dividend, how much to pay, and when to pay it. Shareholders do not have the authority to declare a dividend. The CFO plays an important role in managing the company's finances, but does not have the authority to declare a dividend. The SEC is a regulatory agency that oversees the operations of publicly traded companies but does not have the authority to declare a dividend.

The Authority to Declare a Dividend Lies with The