Role of Corporate Finance Managers in Determining the Optimum Dividend Policy
The choice of a policy of dividend distribution must be based on facts and not arbitrary, therefore, the Corporate Finance Managers must consider several factors before deciding on going out dividends.
The constraints faced by the leaders in developing the dividend policy Business leaders must ensure a margin of safety between the actual distribution policy adopted and they could theoretically be considered. Being at the limit of its possibilities in the distribution requires the company in case of difficulty either:
• Temporarily suspend any distribution in which case it shall bear all the consequences that such an operation has generally on the market price.
• Maintain and collect the dividend income streams the company. The fact of distribution unless it is could allow the otherwise avoid reaching such extreme situations. Other factors may also influence the setting of amount of the annual dividend (Sullivan 2003, p. 273).
公司财务经理在确定最优股利政策的作用
一种股利分配政策的选择必须基于事实而不是任意的，因此，企业财务管理人员必须在决定将股息考虑的几个因素。
所面临的制约因素负责制定股利政策的企业领导人必须确保实际分配政策和他们理论上可以考虑与安全边际。是在分布的可能性的限制需要在困难的情况下的公司：
•暂停任何分布的情况下应承担所有这样的操作已普遍对市场价格的影响。
•维护和收集的股利收入流的公司。事实上，除非它是可以分配的允许否则避免达到如此极端的情况。其他因素也可能影响的年度股息金额设置（沙利文2003，273页）。
