Dividend Policy Ch 18: Influencing Factors, Stability, Types of Dividend Large/Small Stock Dividends

Other Dividend Issues
Flotation Costs
Transaction Costs and Divisibility of Securities
Institutional Restrictions
Financial Signaling
Empirical Testing of Dividend Policy
Tax Effect
Implications for Corporate Policy
Other Issues to Consider
Funding Needs of the Firm
Liquidity
Ability to Borrow
Restrictions in Debt Contracts
Control
Dividend Stability
Stability
Valuation of Dividend Stability
Information Content
Current Income Desires
Institutional Considerations
Types of Dividends
Regular Dividend
Extra Dividend
Stock Dividends
Small-percentage Stock Dividends
Balance Sheet Changes for the Small-Percentage Stock Dividend
Stock Dividends, EPS and Total Earnings
Large-percentage Stock Dividends
Balance Sheet Changes for the Large-Percentage Stock Dividend