AFB, Inc.'s dividend policy is to maintain a constant payout ratio. This year AFB, Inc. paid out a
total of $2 million in dividends. Next year, AFB, Inc.'s sales and earnings per share are expected to
increase. Dividend payments are expected to
A) remain at $2 million.
B) decrease below $2 million.
C) increase above $2 million.
D) increase above $2 million only if the company issues additional shares of common stock.
C
Business
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To be valid and enforceable, the option-to-buy must
a. be notarized. b. include a legal description of the property. c. be filed with the county clerk's office. d. include the optionee's signature.
Business
A decrease in fixed financial costs will result in a(n)________
A) increase in financial risk B) decrease in financial risk C) increase in operating leverage D) decrease in operating leverage
Business