A company's dividend on its common stock is:
A) mandatory if the company is profitable.
B) specified in the company charter.
C) determined by its board of directors.
D) voted on by shareholders.
Answer: C) determined by its board of directors.
A) mandatory if the company is profitable.
B) specified in the company charter.
C) determined by its board of directors.
D) voted on by shareholders.
Answer: C) determined by its board of directors.