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Firm pays - PowerPoint PPT Presentation

The Dividend Puzzle

The Dividend Puzzle. Fisher Black(1976) 892606 892644. The Pros and Cons of paying Dividends. Pros: 1.Cash dividends can underscore good results and provide support to stock price. 2.Dividends may attract institutional investors who prefer some return in the form of dividends.

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Firm pays - PowerPoint PPT Presentation

The Dividend Puzzle