Page 191 - F3 Integrated Workbook STUDENT 2019
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Dividend policy




               3.2  Dividend policy in practice



                            Stable dividend

                                   policy
                                                                  Constant

                                                               pay-out ratio





                                                 PRACTICAL
                                          DIVIDEND POLICIES






                             Zero dividend
                                   policy







                                                                Residual approach

































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