In: Finance
Historically firm financial managers predominately feel that:
a. dividends should be increased annually no matter what
b. the personal taxes of their shareholders must be their primary consideration when setting dividend policy
c. once a dividend is increased, it should not be decreased
d. dividends should be flexible and adjusted annually in response to changes in the firms earnings
e. dividend smoothing is talked about but rarely affects dividend decisions
c. once a dividend is increased, it should not be decreased
As decrease dividend will show the negative impact for the company