14-1 CHAPTER 14 Distributions to shareholders:Dividends and share repurchases  Theories of investor preferences  Signaling effects  Residual model  Dividend reinvestment…

What is ³dividend policy´? It¶s the decision to pay out earnings versus retaining and reinvesting them. Do shareholder¶s prefer current or deferred income? Investors…

1. CHAPTER 8 Financial Planning and Forecasting Financial Statements Financial planning Additional Funds Needed (AFN) formula Pro forma financial statements Sales forecasts…

1. CHAPTER 14 Financial Planning and Forecasting Pro Forma Financial Statements ©Copyright 2005, 2006, 2007 Thomson South-Western, Michael C. Erhardt, John Kevin Doyle and…

Slide 118 - 1 CHAPTER 18 Distributions to Shareholders: Dividends and Repurchases Theories of investor preferences Signaling effects Residual model Stock repurchases Stock…

Slide 1Distributions to Shareholders Chapter 15  Investor Preferences on Dividends  Signaling Effects  Residual Dividend Model  Dividend Reinvestment Plans …

Slide 114-1 CHAPTER 14 Distributions to shareholders: Dividends and share repurchases Theories of investor preferences Signaling effects Residual model Dividend reinvestment…

1.NIKE2. History of NIKE Inc. Its name is derived from a winged Greek goddess.“ Swoosh” logo designed by Caroline Davidson. Is now one of the world’s top shoemaker…

14 - 1CHAPTER 14Financial Planning and Forecasting Pro Forma Financial StatementsFinancial planningAdditional Funds Needed (AFN) formulaPro forma financial statementsSales…

1. Distributions to Shareholders: Dividends & Share Repurchases 16-1 2. What is dividend policy?16- 2 The decision to pay out earnings versus retaining and reinvesting…