Dividends are payments made by a corporation to its shareholder members. Northboro Machine Tools Corporation has a good dividends growth. The dividends have become inconsistent over the years due to poor management of the firm. Both earnings and dividends have grown at a steady pace except for a certain period of time when recession and restructuring took toll. Despite this a dividends policy was recommended in order to solve the irregularity in dividends payment. The chief financial officer of Northboro Machine Tools Corporation was put to task in ensuring the dividends steadied up. The officer recommended to the board a dividend policy for implementation. Northboro ...
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