Microsoft declared a dividend for the first time in 2003 a


Microsoft declared a dividend for the first time in 2003. a) What goes into the decision of a company to initiate a "regular" dividend? Some terms that come to my mind: profitability, taxes, capital structure, psycological impact, etc. b) And for a "special" dividend? Explain your argument.

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Financial Management: Microsoft declared a dividend for the first time in 2003 a
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