Track: Corporate Finance and Capital Structure

Dividend Policy: Structure and Management

Wednesday, October 22, 2008
9:00 a.m. - 10:00 a.m.
Room: 408 B

This session focuses on dividend policies within the context or overall capital structure strategy. The speaker will outline a framework for developing a corporate dividend policy that considers a firm's ability to generate free cash flow, provides the desired level of financial flexibility and examines the potential market impact of this policy.

Speakers:

• Kelly R. Brunarski
  Associate Professor, Department of Finance
  Miami University

Objectives

• Review and formulate a corporate dividend policy
• Identify stockholders and determine if they prefer dividends or stock buybacks
• Determine how a given firm compares with its relevant peer group in terms of dividend policy

Pre-Requisites

• Basic understanding of capital structure
• Interest in corporate dividend policy

Take-Aways

• Checklist of most important considerations in formulating a dividend policy
• List of factors that determine the optimal structure and amount of a dividend payment

CPA Field of Study: FIN